Economy
Demand for sustainable, responsible and ethical financial advice rises to 76%
There has been a marginal rise from 73% to 76% of advisers receiving requests for sustainable, responsible and ethical advice, according to encouraging figures in Blue & Green Tomorrow’s fourth annual survey of the advice market.
Each year, B> surveys the universe of financial advisers to explore the state of the overall market and sustainable, responsible and ethical advice specifically. The steady growth of interest in this type of advice, and that three-quarters of advisers receive such requests, suggests that demand is strong.
Industries that remain unpopular with investors are the arms trade, tobacco, companies involved in humans rights abuses and pornography. Popular sustainable sectors are renewables, fair trade and clean technology.
Following the strong performance of funds in 2013, overtaking their unethical peers, the rising demand is to be expected but a positive sign for this rapidly growing niche.
Further reading:
Sustainable investment is about optimisation, not maximisation
From ethics to sustainability: shifting the investment debate for 2014