Investors in global financial hubs are increasingly moving towards sustainable investing, Standard Chartered Private Bank's new survey reveals.
Investors in Hong Kong, Singapore, UAE, and the UK are using their funds to support five key United Nations Sustainable Development Goals (SDGs), according to a new survey by Standard Chartered Private Bank.
«With the risks from major challenges, such as climate change and lack of access to healthcare, becoming ever clearer, our clients are looking to play a more active role as responsible global citizens,» said Didier von Daeniken, Global Head of Private Banking and Wealth Management at Standard Chartered, said in a media statement.
Investors want a robust measurement of their impact, however.
Bridging The Gap
The SDGs faced an annual funding shortfall of $2.5 trillion, according to the United Nations Conference World Investment Report 2014.
With growing awareness of these global challenges, more investors are looking to channel their money to effect positive change, highlighting the increasing ability of private capital to bridge the SDG funding gap. In total, over $5.4tn in private investible funds was mobilized across these markets.
Impact Philosophy Framework
In response to client feedback and growing interest in the measurement of impact outcomes, Standard Chartered Private Bank launched an Impact Philosophy framework along with a sustainable and impact investing offering to clients.
Many high net worth individuals (HNWIs) are held back by the lack of information and the relatively few established ways to measure the impact of their investments, deterring them from investing. This is where the framework comes in, providing clients with unbiased information, relevant solutions, and tangible measurements, bridging the gap between interest and action.
«Our new Impact Philosophy offers a structured roadmap to help them mobilize their capital towards achieving the Sustainable Development Goals,» Daeniken added.
