The majority (92%) of Financial Planners have seen an increase in demand from clients for investments which have a positive impact on society, according to a new survey.
Most Financial Planners(88%) predicted that sustainable investing will increase dramatically over the next 12 months – just 12% said that it would stay the same.
The research from TIME Investments said the increase in demand was predominantly driven by investors’ environmental concerns.
Of the Financial Planners surveyed 31% said clients had concerns about the impact of climate change, 17% cared about air and water pollution and 15% said waste management was important.
Consumer privacy and data security was also a driver of investors’ environmental concerns for 10% of those surveyed.
The concerns were reflected in the sustainable asset classes clients were investing in, with the three most popular being healthcare (56%), renewable energy (50%) and housing (40%).
Financial Planners said 27% of clients already had some form of sustainable investment and, on average, one third (32%) of clients had made an impact investment which provided capital to address social and/or environmental issues in the past 12 months.
The majority (86%) of planners said that they were now incorporating sustainability questions into the client factfind.
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