Younger generations driving increase in ESG investments
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.
• SEE ALSO: Investors Interested in ESG, but Education Lacking
NEXT PAGE: Younger employees like TDFs