A generation gap in ESG investing in Singapore

THE proportion of Generation Z (Gen Z) investors holding sustainability investments is double that of investors from the Gen X and baby-boomers age group, a survey by asset management company Amundi and The Business Times (BT) has found.

The Business Times - Amundi ESG Investing Report, the findings of which were released on Thursday (Jun 23), found that 82 per cent of Gen Z investors (those aged between 21 and 24 years old) had made environmental, social and governance (ESG) investments, compared to 41 per cent of investors aged 45 years and above.

Three sustainability profiles were developed for the survey to classify the respondents: Those who were “engaged” were deemed to have strong interest or commitment to environmental, sustainability and social causes; those who were “responsive” were interested, and those who were “neutral” held little interest.