As the generations that will be the most affected by long-term issues such as climate change and discontent over social inequality, it is unsurprising that Millennials and Generation Z have the highest consideration for sustainable investing, according to a new research series from Barclays Private Bank, titled Smarter Succession: The Challenges and Opportunities of Intergenerational Wealth Transfer.
With sustainable investment no longer seen as a passing fad, the research shows 37 percent have invested sustainably, and nearly half (45 percent) are considering it. These figures reflect a growing sense of awareness that accompanies Millennials and Generation Z of the challenges their generations face as they inherit wealth.
This concept is not new. Every generation has had a sense of responsibility to use their wealth appropriately and give back to the causes that matter to them the most. However, according to our research, among the older generation (38 percen