Young Investors Have Weakened Their Stance on ESG, Study Reveals
Support for ESG has plummeted among Millennial and Gen Z investors, typically the strongest backers for environmental, social and governance-related issues, as a more turbulent financial outlook tempers enthusiasm, according to a survey from Stanford University and the Hoover Institution.
Less than half of millennial and Gen Z investors, those aged 41 and younger, said they were “very concerned” about environmental issues this year, down from 70% in 2022. That same group is now much less willing to give up market returns to meet their ideals, according to the survey of about 1,000 investors conducted this fall.
Photo courtesy of shehan peruma.