Wednesday, September 19, 2018

Unethical Super-Rich

Only one in every five of the UK’s super-rich have even a tiny fraction of their assets held in sustainable investments, according to research.

Research by UBS Global Wealth Management found that just 20% of British high net worth individuals (HNWIs) – classed as those with more than $1m (£760,000) in investable assets – hold at least 1% of their fortunes in sustainable investments.

Just 12% of wealthy people in the US had more than 1% of their fortunes held in sustainable investments – a broad term which includes renewable energy and companies which have committed to pay employees fairly.

This compared with an average of 39% of HNWIs across the world. 60% of Chinese HNWIs had at least 1% of their assets held in sustainable funds, followed by Brazilians and people from the United Arab Emirates.

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