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Family Offices With Over $6 Trillion Pounce on ESG Strategies

Trees line the hills in a valley in Spain.

Trees line the hills in a valley in Spain.

Photographer: Angel Garcia/Bloomberg

Ultra-wealthy individuals are ratcheting up their allocations to climate-friendly investment strategies in anticipation of both higher returns and a hotter planet.

A survey of private investors with average assets of $833 million across more than 30 countries showed that 70% see the shift toward net-zero carbon emissions as “the greatest commercial opportunity of our age.” The survey, compiled by Campden Wealth on behalf of Barclays Private Bank and think tank GIST Initiatives Ltd., also found that roughly a quarter of respondents plan to avoid companies that contribute to climate change.