A New Survey Finds Dropping ESG Support Among Young Investors
“In just one year, the percentage of those ages 18 to 41 who said they were “very concerned about environmental issues” plummeted from 70 percent to 49 percent. Among Gen Z and millennial respondents, who had the previous year registered 82 percent support for fund managers using their influence to shape the social policies or practices of companies, only 62 percent now deemed this “very” or “extremely” important.”
[COMMENTARY] A decline in ESG interest is to be expected with the onslaught of anti-ESG articles in some business media. Also, when stocks or funds underperform, interest in them usually wanes too. I’m sure that over time and when ESG stocks and funds again outperform the markets, investor interest in ESG will again rise.
A New Survey Finds Dropping ESG Support Among Young Investors, byJonathon Wolf, January 16, 2024, Above The Law, USA.