Natural disaster concerns propel ESG to top of investment agenda

Two thirds of investors said recent climate disasters have made them more interested in environmental, social and governance (ESG) investing according to Nuveen’s sixth annual Responsible Investing Survey.

As a result, 63% of respondents have taken some kind of action related to their concern about climate risk, with 29% talking to their advisor about investing in low-carbon solutions and a quarter changing how they invest.

Many investors, 60%, have also been applying the same strategies around social risk. The majority, 57%, have taken action as a result of their concerns regarding diversity and inclusion.

The report said: “This highlights that it is not just climate risk that is a concern for investors, but other forms of risk are driving their approach as well.”

The survey also showed that the allocation to responsible investing is growing year-over-year, and investors expect that allocation to continue increasing over the next five years.

“More importantly, while 31% of investors currently have 0% RI allocation in their portfolios, the percentage of investors who see a 0% allocation in five years is just 18%,” added the report.

Nuveen’s sixth annual Responsible Investing Survey was conducted from August 24 to September 3, 2021 and covered 1,007 investors, including 332 who said they are currently engaged in ESG investing.

©Markets Media Europe 2021

 

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