En analyse udgivet af Danmarks Nationalbank konkluderer, at investorer betragter ESG-investeringer som luksusgoder. Studiet konkluderer desuden, at jo rigere du er, jo mere tilbøjelig er du til at investere i ESG-fonde.
Analysens fund inkluderer:
- Our study is also related to recent research proving that investors are willing to pay for sustainable investments. For instance, Baker, Egan, and Sarkar (2022) show that ESG funds are 20 basis points more expensive than other mutual funds.
- (…) We note that wealthy individuals are more likely to invest in socially responsible assets. Having one million (Kr.) of financial wealth increases the propensity to invest in ESG funds (green stocks) by 1.7 (1.6) percentage points.
- Inherited wealth has a positive effect on the portfolio weight on ESG funds, green stocks, and green minus brown stocks. Similarly, beneficiaries increase their portfolio allocation to socially responsible ESG funds and green minus brown stocks after they inherit.
- Investors appear to treat ESGs as luxury goods: investment in responsible financial instruments (both mutual funds and green stocks) increases disproportionally with wealth
- Investors who inherit more wealth are more likely to buy an ESG fund even in the absence of bank advisors.
Studiet kan læses her.
