More individuals and institutions today are looking to generate positive returns for themselves and the world through sustainable investing.
This approach of incorporating environmental, social and governance (ESG) factors into investment decisions, once seen as a niche strategy that trades returns for virtuosity, is now mainstream.
“While sustainability is not new, the megatrend that has emerged in recent years is sustainable investing,” says Ms Jacquelyn Tan, head of group personal financial services, UOB.
Is sustainable investing gaining ground in Singapore? UOB has seen a spike in interest across South-east Asia and locally, says Ms Tan.
Its 2021 Asean Consumer Sentiment Study found that nine in 10 Singaporeans believe sustainable investing will become more common over the next three to five years. Of those surveyed, 13 per cent already have sustainable investments within their portfolios, and 90 per cent were keen to find out more.
The bank has also experienced an increase in demand for sustainability-linked investment solutions.
Ever since UOB integrated ESG considerations into its full suite of investment solutions in October last year, assets under management for its sustainable funds have grown by almost 260 per cent. As at the end of June 2021, customers across the region invested close to S$500 million in ESG-linked solutions, Ms Tan says.
While sustainability is not new, the megatrend that has emerged in recent years is sustainable investing.
The trend that...
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