Most Investors Are Going Green to Make Money, HSBC Says
- Primary motivator for ESG strategy is financial returns: HSBC
- Awareness rising on stranded asset risk, physical risk
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Make money first, save the planet second. Those are the reasons for most investors to get into green finance, according to HSBC Holdings Plc.
Financial returns were cited as the biggest reason to have a strategy focused on the environment, social issues and governance, known as ESG, according to a survey of 868 institutional investors by the U.K.’s largest bank. Nearly three quarters of companies with this focus said that this was their number one driver, followed by tax incentives.