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Mackenzie Investments' Fifth Annual Earth Day Study: Canadians' Interest in Sustainable Investing on the Rise, But Barriers to Increased Adoption Still Remain
Mackenzie Investments' Fifth Annual Earth Day Study: Canadians' Interest in Sustainable Investing...
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[{"type":"text","content":"\n \n \n \n Mackenzie Investments' Fifth Annual Earth Day Study: Canadians' Interest in Sustainable Investing on the Rise, But Barriers to Increased Adoption Still Remain\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n One-quarter of investors currently hold sustainable investments, while half plan to invest in them in the next two years.\n \n \n \n \n However, 61% continue to have concerns about trust and transparency.\n \n \n \n \n Two-thirds believe that investing in the energy transition will have a positive impact on the world.\n \n \n \n \n \n TORONTO\n \n ,\n \n April 18, 2024\n \n /CNW/ - According to Mackenzie Investments' fifth annual Earth Day Study, Canadians' interest in sustainable investments, defined as those that seek to generate both financial returns and a positive impact on one or more environmental, social or governance factors, is on the rise.  However, a significant number of investors still harbour concerns about this category of investments.\n \n \n \n \n \n \n \n \n \n The study, conducted in partnership with Pollara Strategic Insights, found:\n \n \n \n Almost one-quarter (23 per cent) of Canadians currently engage in sustainable investing (SI), up from 20 per cent in 2023.\n \n \n Close to half (45 per cent) report they are likely to add sustainable investments to their portfolios in the next two years.\n \n \n However, six-in-ten Canadians (61 per cent, unchanged since 2023) continue to have concerns about greenwashing and transparency in corporate governance within the SI space, four-in-ten (43 per cent) believe that SI lacks clear guidelines or standards and an equal number feel that sustainable investments tend to deliver lower returns than traditional ones.\n \n \n Only one-third (33 per cent) of those who work with an advisor have had a discussion with them about SI.\n \n \n \n \"It's encouraging to see growing interest in and adoption of sustainable investing, reflecting a shift towards aligning financial goals with environmental and social considerations,\" said Fate Saghir, SVP...