ESG More Important To Millennials

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    Millennials are more likely to place greater importance on environmental, social, and governance (ESG) factors than older investors and rank them as highly as investment outcomes when considering investment decisions, says the ‘Schroders Global Investor Study.’ It found the investment decisions of those aged 18 to 35 were far more influenced by ESG factors than those of investors aged 36 and over. Opinions between these groups differed most on world-based social outcomes such as poverty and climate change with millennials rating these highly compared to older investor groups on average. The study also concluded millennials were more likely to actively withdraw their capital from companies with poor ESG records.