Millennials Love ESG, Just Not As Much As Their Parents, Grandparents
Sustainable and socially responsible investing isn’t just for the kids, according to a recent Allianz Global Investors study.
In the AllianzGI ESG Clarity survey, investors aged 65 and older were more interested in environmental, social and corporate governance (ESG) investing than younger generations.
While ESG strategies are often pitched as appeals to young, affluent investors, 68 percent of the respondents aged 65 and older expressed favorable views towards ESG investing, compared with 59 percent of those aged 25 to 44. When asked whether ESG investing was a sound strategy, respondents aged 65 and up were more likely to agree than those who were aged 25 to 44.
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