Sustainability and the IRO: Here Come the Millennials
A conversation at Bloomberg with Erika Karp, founder and CEO of Cornerstone Capital Group, and Greg Elders, senior ESG analyst with Bloomberg Intelligence
The World Economic Forum says $51 trillion is being handed to Millennials in the biggest ever inter-generational transfer of wealth. Are they going to change equity investment? ‘They won’t trade off the idea of giving up competitive economic returns and also having a societal impact. They want both – and they have a right to ask for both,’ says Karp, with Elders making a link between the growing popularity of organic products and the values-based investment approach of Millennials.