Business Standard

Brexit has made wealthiest Brits too nervous to invest sustainably

Only 39 percent of U.K. investors are optimistic about the country's economic outlook, according to the UBS report

brexit, UK, Britain, EU
Premium

Illustration: Ajay Mohanty

Anna Hirtenstein | Bloomberg
The U.K.’s richest citizens are so worried what Brexit will do to their portfolios that they are steering away from more unconventional green investments.

That’s the conclusion of a report by Swiss bank UBS Group AG’s wealth management arm. The result is surprising since Britain is one of the leaders in sustainability and green energy, having installed more wind turbines at sea than any other nation. At the same time, its high net worth investors are lagging behind the rest of the world on sustainable investing.
 
“There’s a gap between how we live in the U.K. and how

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in