ESG
Young Investors’ Support for ESG Causes Declines in 2023 ‘Gut Check’
- Stanford survey shows backing for most ESG topics is down
- ESG is ‘very important’ to less than half of those under 42
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Support for ESG has plummeted among Millennial and Gen Z investors, typically the strongest backers of environmental, social and governance-related issues, as a more turbulent financial outlook tempers enthusiasm, according to a survey from Stanford University and the Hoover Institution.
Less than half of Millennial and Gen Z investors, those aged 41 and younger, said they were “very concerned” about environmental issues this year, down from 70% in 2022. That same group is also much less willing to give up market returns to meet their social ideals, according to the survey of about 1,000 investors conducted this fall.