View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 27, 2022

Trillions of retail wealth could be channelled into sustainability and ESG by 2030

By Patrick Brusnahan

Standard Chartered has found that $8.2trn of investable retail wealth could be funnelled into sustainable investments by 2030 to finance ESG objectives in growth markets.

Free Report
img

How can your business build resilience within the ESG space?

ESG is a key theme impacting companies across all sectors globally. It has emerged as the top theme among company filings, with a rising focus on SDG 16 (Peace, Justice, and Strong Institutions) amidst current geopolitical tensions and sustainability-driven investments. Leading sectors with the highest active jobs in this space include aerospace and defense, automotive, banking and payments, construction, and consumer, with many companies actively looking to establish ESG-related expertise. For more information related to company filings and job analytics, as well as key insights across the latest news, deals, and patents, consult our full report. This report will help you to:
  • Identify the top trending themes relevant to ESG across all sectors
  • Monitor investment and innovation landscape in ESG
  • Track key events and social media mentions related to ESG
Download our full report to understand how you can use GlobalData’s trusted insight to develop your business in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The capital could be crucial in bridging funding gaps in areas including energy, food security, poverty alleviation, and reaching global net zero carbon.

Retail wealth turning to ESG?

This is according to Standard Chartered’s Sustainable Banking Report 2022: Mobilising retail investor capital.

Furthermore, the report stated that 40% of retail investors across all markets and income brackets consider climate change and carbon emissions a top investment priority.

Mainland China and India had the highest potential for growth in sustainable investing, attributed to their large populations and rising domestic wealth. China alone could move $5.7trn in sustainable retail investment by 2030.

However, retail investors identified barriers to them moving their wealth into ESG and sustainability:

  • Accessibility (48%): investors find it hard to even locate these investment products;
  • Perceived low returns/higher risks (47%): nearly half consider it not to be worth their time due to lack of return, which is false, and
  • Understanding (47%): more consumer education is needed to help understand the impact of retail wealth moving into sustainable investment and ESG.

Marc Van de Walle, global head, wealth management at Standard Chartered, said: “Individuals have the power to be catalysts for change. Our research shows that $8.2trn of retail investor wealth could flow into sustainable investments if we remove the barriers that are holding them back. The top ESG-related issues across the 10 markets we surveyed – climate change, pollution, poverty, corruption, food scarcity and energy security – correspond to the areas that investors are most interested in addressing. We know that a rapidly growing number of our clients want their investments to make a positive impact on the environment and in society, and there is significant appetite to take ESG investment from a niche play to a mainstream investment strategy. As a bank, we have the expertise and solutions to help investors achieve both profit and purpose. Importantly, we need to enable the shift now for a more sustainable future.”

Free Report
img

How can your business build resilience within the ESG space?

ESG is a key theme impacting companies across all sectors globally. It has emerged as the top theme among company filings, with a rising focus on SDG 16 (Peace, Justice, and Strong Institutions) amidst current geopolitical tensions and sustainability-driven investments. Leading sectors with the highest active jobs in this space include aerospace and defense, automotive, banking and payments, construction, and consumer, with many companies actively looking to establish ESG-related expertise. For more information related to company filings and job analytics, as well as key insights across the latest news, deals, and patents, consult our full report. This report will help you to:
  • Identify the top trending themes relevant to ESG across all sectors
  • Monitor investment and innovation landscape in ESG
  • Track key events and social media mentions related to ESG
Download our full report to understand how you can use GlobalData’s trusted insight to develop your business in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International