‘Green’ Investing Remains Priority Despite Economy
Even with the economy down, business owners continue to be optimistic about giving to environmental causes, according to a survey released by SunTrust Bank Private Wealth Management. The survey found that 69 percent of business owners claimed, āEven if there is an economic downturn that moderately affects my business, I plan to maintain my current level of giving to environmental causes in the coming year.ā
The study surveyed more than 200 business owners with at least $10 million in annual revenue about their outlook on “green” giving and investing. Most respondents believed it is a āgoodā or āaverageā time to invest in mutual funds or other financial instruments that are specifically marketed as āgreenā or environmentally responsible. In addition, 40 percent of respondents believe it is a āgood timeā for all businesses to adhere to the highest possible environmental standards.
However, the survey had some caveats: while attitudes and preferences toward green investing remain strong, most business owners had neither invested personal money nor business money in mutual funds or financial instruments marketed as āgreenā or environmentally responsible. Only 31 percent had invested personally this way and only 28 percent had allocated business funds to these investments. But nearly half of the business owners donated personal money to organizations devoted to helping the environment, such as the Sierra Club, the Audubon Society, the Wilderness Society or some other such organization.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Bridgewater, MA, Gets $231,000 Efficiency Grant
- Biomass Group Studies Role in Clean Power Plan
- Rockleigh Borough Installing LEDs, Low Energy AC
- PHG to Build Big Gasification Plant for Sevier Solid Waste
- Energy Profile of Commercial Buildings Changing
- Smart Meter Market Surging
- Modular Data Centers Cut Construction Costs
- Failure to Build Energy Infrastructure Could Cost New England $5.4B