“As millennials inherit wealth from the older generations, they will want to invest in companies that address these environmental, social and governance issues,” Mascotto added. “This interest will continue into the future.”
Interest in businesses that take environmental issues into consideration, such as stress on water resources, safety procedures and gender diversity in the workforce, will become more relevant for investors, he predicted.
Investors also will become more interested in funds and managers that can react quickly if an environmental or ethical issue arises at a company, Mascotto said.