Growing trend in sustainable investment


Didier von Daeniken, global head of private banking and wealth management at Standard Chartered Bank, said that while governments and multi-lateral initiatives work to provide scalable solutions to the major issues of our time, these efforts are unfortunately not enough to eliminate them.

PETALING JAYA: One of the most exciting trends to come out of wealth management in the last couple of years is the growing interest among clients to invest sustainably, and create a positive social and economic impact.

This was evident at Davos this year where sustainability was one of the biggest topics brought up by Standard Chartered’s clients as well as business and political leaders.

It was also clear that the interest spanned across all ages, with the children of clients – brought to Davos for the Future Global Leaders Alumni Programme.

It’s something Didier von Daeniken, global head of private banking and wealth management at Standard Chartered Bank, witness every day as a private banker: Affluent and high net worth individuals are increasingly thinking about their role as responsible global citizens. With the risks from major challenges, such as climate change and lack of access to healthcare and education, becoming ever clearer, Didier’s clients are looking actively for opportunities to effect positive change.

He said that while governments and multi-lateral initiatives work to provide scalable solutions to the major issues of our time, these efforts are unfortunately not enough to eliminate them.

The United Nations estimates that US$5-US$7 trillion is needed annually to achieve the Sustainable Development Goals (SDGs), with a significant and persistent financing gap of an estimated US$2.5 trillion per year in developing countries alone.

“I believe financial institutions and investors have a critical role to play in raising and directing new capital towards the SDGs. One example is access to healthcare, which is so fundamental to the prosperity of individuals and communities.

“At a global level, huge strides have been made globally to eradicate polio, reduce child mortality and tackling HIV. However, the global health market is still subject to substantial failings, and overcoming them requires continued innovation and participation from the private sector,” said Didier.

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