As per the latest Sustainable Investing Review 2020 from the Standard Chartered Private Bank the UAEs most affluent and High net worth individuals (HNWI) are viewing and grabbing all means to capitalize on the green ecosystem opportunities by showing that they have huge appetite towards Sustainable Investments.
With in excess of 90 percent of the investors that were surveyed amidst the market troubles during the recent raging health-virus-economic crisis, have given their positive response towards sustainable Investment, and amongst them 42 percentage of the investors have already planned for next three years to invest 5 to 15 percent of their funds amongst Sustainable Investments.
As a part of a 15-year planned initiative was chartered out by UN Member nations from 2015 to 2030 as a part of Agenda for Sustainable Development for achievement of a net total of Seventeen such Sustainable Development Goals (SDGs) that includes goals ranging from eliminating poverty as well as hunger to offering quality education as well as climate action.
The nation is already on its pathway for diversification of the economy away from its close dependence on the hydrocarbons and many other GCC economies are following the same ideology. For an illustration: – Dubai wish to be the city with lowest Carbon emission trajectory within 2050.
Naushid Mithani, head of global South Asian community, Europe, Middle East and Africa and private bank head UAE, Standard Chartered, stated that “the UAE, also Middle East territories second largest economy is blazing away by providing a huge number of sustainable investment prospects, thereby identifying long-term and future oriented significance for the nation.”
The report further stated that a whopping 72 percent UAE Investors are hugely acquainted as well as have shown large interest in all the prospects presented by sustainable investing, and is hugely gaining rounds and becoming popular as well is way higher among the nation’s young, hugely educated pack of investors.
Similarly, 39 percent of UAE investors expressed an interest of allocating 15 to 25 percentage of their fund according to sustainable investments within the next three years.
Mithani further stated that the late Expo 2020, appropriate in conformity to be held next year as a result concerning the global crisis, choice further the nation’s sustainable ambitions and furnish a perfect stage for all the dynamic investors
Mithani reported further that “With Expo 2020 set to receive huge gathering in Dubai, such is presenting better cognizance regarding the opportunities handy for the nation, as like properly so bringing greater countries collectively in accordance for encouragement of sustainable investments.”
The effect on the crisis is truly mirrored within that year’s findings as highlighted investors’ focus their core attention about areas to build resilience towards future crisis. Nearly 50 percent rated the United Nations SDGs of Clean Water, Sanitation, Good Health and Well-being has been given significant importance.
This is followed by way of 43 percent of investors indicating Climate Action as more important, who edged in advance over Quality Education and Zero Hunger, each at 40 percent.
The bank’s third annual survey blanketed round 1,000 buyers with a particular focal point on affluent as well as HNW investors between Hong Kong, Singapore, the UAE and the United Kingdom.
“The health-virus-economic curve has highlighted a sizable vulnerability among the artistical evaluation, strategic planning and assessment, no longer only of the healthcare systems, but additionally regarding the global supply chain as well as economic markets.”
Mithani further mentioned that “This has the strong potential in imitation of significantly reshaping of the investor flows and in conformity with positively influence the future period about ESG investing.”