Millennials in the UK are four times more likely to invest in sustainable portfolios compared to older peers, according to a research by British banking group Barclays.
Of the 2,000 investors polled in the UK, 43% below the age of 40 years were found to have made an impact investment during their lifetime.
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On the contrary, 9% of investors aged between 50 and 59 years and only 3% of investors over 60 years of age were found to have made an impact investment.
Making a positive change
The trend of impact investing has gained prominence in the UK, and is more pronounced in investors under 40 years. The number of Britons making such investments was found to increase to 15% in 2017 from 9% in 2015.
The study also found younger investors willing to allocate three times as much of their portfolios to sustainable investments compared to those over 60 years of age.
Barclays head of impact investing Damian Payiatakis said: “Younger generations are more naturally comfortable combining financial and societal ambitions when investing. However, it’s the older generation who have more investible wealth today and whose choices help shape the investment market and the world their children and grandchildren live in.”
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By GlobalData
