Thunberg ‘reshaping’ global investment industry

global-investment/ESG/sustainability/climate-change/

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

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND