Sustainable investing could be set to benefit from millennials’ coming inheritance windfall, as younger generations continues to drive the trend.
However, wealth manager Barclays notes that the investment industry must engage older investors if the ESG movement – investing with environmental, social and governance impact in mind – is to gain maximum scale.
Barclays’ latest Impact Investing Report, which surveys 2,000 investors, shows the number of investors that have made an sustainable investment has increased by two-thirds, to 15%, since 2015. However, this increase has been driven by millennials.