Abstract
This chapter, Assessing ESG from a Position of Wealth, explores the attitudes and impact of high-net-worth individuals (HNWIs) − those with discretionary investable assets of more than USD1 million—in terms of their appetite for sustainable investing (SI) and Environmental, Social, and Corporate Governance (ESG) agendas. Further, it offers technology solutions for financial institutions seeking to support their investment goals. While HNWIs may represent only 1.1% of the world’s population, they control 46% of global household wealth (2020), firmly positioning them to affect ESG growth. The chapter overlays ESG maturity with psychologist Abraham Maslow’s 1943 hierarchy of human motivation. Even now, in the technology-driven 2020s—age, geography, gender, and socioeconomic status all affect reason and needs. HNWIs tend to safeguard and grow generational wealth with long-term horizons. They represent a narrow social stratum uniquely positioned to balance personal values with financial value. Increasingly, affluent individuals are weaving a range of sustainability initiatives into their investment decisions.
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