Thunberg ‘reshaping’ global investment industry

22 January 2020
| By Chris Dastoor |
image
image
expand image

Greta Thunberg is not only trying to save the planet, but also reshaping the global investment industry, according to deVere Group chief executive, Nigel Green.

The comments come as the teenage Swedish environmental activist had urged political and business leaders, and the media, at the World Economic Forum in Davos to follow the science on climate change.

According to a global survey from deVere Group, 77% of millennials cite environmental, social and governance (ESG) investing as their top priority when considering investment opportunities.

“This survey underscores that whilst traditional factors – such as anticipated returns (10%), past performance (7%), risk tolerance (4%) and tactical allocation (2%) – are important factors in millennial respondents’ investment decision-making, they are no longer enough,” Green said.

Green said Thunberg’s message was based on science and fact, and one that was likely to hit home with millennials and Gen Z.

“Typically, these generations – those born from the early 1980s onwards – seem to ‘get’ the climate emergency we’re facing, and the urgency with which it needs to be tackled, far better than older generations,” Green said.

“This is why it is crucial that she was at Davos in order to drive her message through to the political and business leaders who can actually do something about it right now.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago