This publication addresses the question of why responsible investment has at best been modest in private banking compared to the surge it has experienced in institutional asset management. It analyzes private clienteles’ potential demand for responsible investment products, the special characteristics of the wealth management industry and the barriers to the further uptake of ESG-inclusive investment strategies in private banking. Finally, a resulting set of recommendations is presented for the expansion of ESG-inclusive investments, aimed also at the executive level of private banking institutions.
Unlocking Value: The scope for environmental, social and governance issues in private banking (320 KB | 26 pages)
Published: 2007 | by: UNEP FI