Moral money: Investors 'put ethical concerns on par with price'

Carmen Reichman
clock • 2 min read

Investors are almost as likely to switch providers over ethical concerns as they are for poor customer service or because they can get a better deal elsewhere, research suggests.

Just over half of financial services clients are likely to consider switching providers if they believe their financial activities contribute to human rights abuses, child labour or forced labour, according to an Ipsos MORI poll by responsible investment research firm EIRIS. When asked if they would consider switching over concerns the provider has breached financial regulations such as money laundering, product mis-selling or manipulation of interest rates, 47% of the 1,837 clients said they would - against 13% who said they are unlikely to switch. EIRIS said the findings show consum...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Green

ESG adoption in EMEA hits 'all-time high' amid global political and economic headwinds

ESG adoption in EMEA hits 'all-time high' amid global political and economic headwinds

Results from Capital Group’s ESG Global Study

Sorin-Andrei Dojan
clock 23 October 2024 • 3 min read
SDR: Measurement crucial to labelling scheme success

SDR: Measurement crucial to labelling scheme success

'This is about creating trust and making honest sustainability claims'

Tara Norton
clock 14 October 2024 • 4 min read
Number of clients considering ESG drops for a third year

Number of clients considering ESG drops for a third year

Just more than a quarter associated ESG with being ‘woke’

Isabel Baxter
clock 14 October 2024 • 3 min read