“UBS says Britons were second-least likely to buy into sustainable investments after Americans… Just 12% of wealthy people in the US had more than 1% of their fortunes held in sustainable investments – a broad term which includes renewable energy and companies which have committed to pay employees fairly.
… 60% of Chinese HNWIs had at least 1% of their assets held in sustainable funds, followed by Brazilians and people from the United Arab Emirates.”
[COMMENTARY]The divide between institutional and retail investors concerning sustainable assets is still wide, especially in the developed world. I believe this problem rests mostly with the investment advisor/broker community. Most still don’t or want to understand, the potential impacts of climate change on their client portfolios. In the USA particularly, it′s probable that advisors/brokers arelargely ’climate change deniers.’
Only 20% of rich Britons hold ethical assets, study finds, by Rupert Neate, September 19, 2018, The Guardian, UK.