Younger generations driving increase in ESG investments

ESG investing — Image credit: © Elnur | Dreamstime.com

The research found employees have significantly increased the portion of their assets in Environmental, Social and Governance (ESG)-focused investments. Overall, 15% of employees invested in ESG funds, which is a 50% increase since 2020. The average amount they have invested in ESG funds is $13,400, which marks a 30% increase since 2020.

Millennials are leading the way, with 52% investing in ESG funds compared to 32% of Gen X and just 14% of Boomers. Men make up 53% of ESG investors.

Only a small number of employers—14%—are offering ESG-focused investment options.

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Author

Brian Anderson

Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.