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Davos 2020: Greta Thunberg Can Fully Change Global Investment Industry

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by Darya Rudz · 3 min read
Davos 2020: Greta Thunberg Can Fully Change Global Investment Industry
Photo: World Economic Forum / Flickr

The latest speech of Greta Thunberg took place at the World Economic Forum in Davos. Analyzing her initiatives, some experts believe that she is able to change the global investment industry.

In 2018, a 17-year girl from Sweden made the world reel. The girl began spending her school days outside the Swedish parliament and called for stronger action on climate change. Her active position and straightforward speeches quickly made her famous. Now this girl, Greta Thunberg, is one of the most hotly discussed youth activists who sparked an international movement to fight climate change.

After Greta delivers a speech at various forums and conferences, everyone and his brother discuss her statements. One of the latest Greta’s speeches was at the World Economic Forum in Davos.

At the forum, Greta said:

“With today’s emissions levels, the remaining budget is gone in less than eight years. These aren’t anyone’s views, this is the science. I know you don’t want to report this or talk about this but I will keep repeating the numbers until you do.”

Opinions on Greta and her activity have divided. Some believe she is a hero saving our planet. Others are skeptical and consider the girl just a political pawn or even a PR project.

There are a number of outstanding figures among Greta’s supporters. One of them is Nigel Green, the CEO of deVere Group, the largest independent international financial consultancy.

Green stated:

“Greta’s message is a consistent one, one based on science and fact, and one that is likely to hit home with millennials and Gen Z. Typically, these generations – those born from the early 1980s onwards – seem to ‘get’ the climate emergency we’re facing, and the urgency with which it needs to be tackled, far better than older generations.”

Greta Thunberg Is Reshaping the Global Investment Industry

As Nigel Green believes, Greta Thunberg does a lot for the current future generations. According to Green, millennials and GenZ will be the beneficiaries of the biggest-ever generational transfer of wealth over the next few years. This wealth will make up around $30 trillion. In addition, these generations will also keep the balance of political and social influence.

Green commented:

“With their socially responsible awareness, plus their new wealth and power, we can expect them to put Environmental Social and Governance (ESG) issues at the centre of their investment decisions.”

Above all, deVere CEO believes Greta is not only contributing a lot to save the planet. He believes she also reshaping the global investment industry. As he has said, financial institutions, companies and agencies ‘will need to decisively shift their priorities to match those of millennials and Gen Z.’

Green’s opinion is also based on the recent deVere’s research. The company’s survey has shown 77% of 1,125 millennials consider Environmental, Social and Governance (ESG) investing as the top priority.

In conclusion, deVere’s leader stated that now the ball is in the investment industry’s court.

Another prominent supporter of Greta is crypto billionaire Justin Sun. As we reported in December, Sun promised to donate $1 mln in crypto to support the environmental activist. However, not all liked his announcement, calling it ‘hypocritical’ and ‘false.’ Besides, some even blamed Sun for such a means to advertise himself.

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