The fight against climate change will lead to profound changes across the investment industry as more younger workers demand action to save the planet, according to Justin Welby, the Archbishop of Canterbury. Mr Welby said rising demand for responsible investment, as millennials accumulate wealth and pension savings, would lead to “enormous changes” in financial markets and asset management. “Millennials want to know that their money is doing more than earning a good return. We are seeing a major shift in attitude among huge numbers of young people from avoiding doing harm to wanting to do good, particularly in the matter of climate change,” he said.
FT 2nd Feb 2019 read more »