SIF 2022: Consumers do not trust industry 'marking own ESG homework'

Proof points

Jenna Brown
clock • 2 min read

Consumers do not trust the investment industry ‘marking its own homework’ on sustainable investment and want independent third-party ratings to bolster their confidence, delegates heard.

Boring Money founder and chief executive Holly Mackay said consumer confidence in sustainable investing was low and people wanted "third-party validation" to ensure they are making the right calls. Mackay, speaking at the Sustainable Investment Festival, said metrics were important and would boost credibility. "People do not trust us. People want to see the proof points. They want to see the metrics. But there are loads of metrics out there without benchmarks. "The vast majority of investors want to be a bit better than they were last year, they do not expect perfection in the next...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers say 'cash returns don't cut it' as equity exposure soars

Advisers say 'cash returns don't cut it' as equity exposure soars

Three quarters of advisers have helped clients increase equities exposure

Hope Coumbe
clock 14 June 2024 • 1 min read
Goal progression: What matters most to younger investors

Goal progression: What matters most to younger investors

Many advisers are trying to win over and retain more younger clients

Gordon Titman
clock 13 June 2024 • 4 min read
Darius McDermott: What will be the catalyst for real assets?

Darius McDermott: What will be the catalyst for real assets?

Real assets are providing increasingly important in the AI boom

Darius McDermott
clock 07 June 2024 • 4 min read