Mackenzie Investments' Sixth Annual Earth Day Study: Despite Seeing the Benefit, Canadians Are Missing Out on Opportunity to Invest in the Energy Transition
- Two-thirds of Canadians believe that investing in companies involved in the energy transition will create a better world for future generations and just over half (56 per cent) believe investing in the energy transition will result in long-term positive investment results.
- However, just six per cent are aware of how to get started.
- Two-fifths of Canadians feel sustainable investing is missing clear guidelines and standards.
The Study, conducted in partnership with Pollara Strategic Insights, found that:
- Just 14 per cent of Canadians surveyed are currently taking advantage of investment opportunities in the energy transition space, despite the potential for strong returns.
- One in ten are very likely to include energy transition investments as part of their portfolios in the next few years.
- Only six per cent state they understand the potential of the significant investable opportunity of
$4.5 U.S. trillion per year* available in the energy transition.
"It's encouraging to see how many Canadians recognize the value of investing in the energy transition – it's a critical part of our economic and environmental future," said Fate Saghir, SVP, Sustainability,
Canadians Find that Sustainable Investing Lacks Transparency
The Study also found that Canadians feel sustainable investing (SI) lacks clear guidelines, with greenwashing – when investments or companies make exaggerated claims or misrepresentations about their sustainability efforts to appear more socially responsible than they truly are – being a major concern within the industry.
Specifically, other findings include:
- Two-fifths (41 per cent) of Canadians surveyed believe SI lacks clear guidelines or standards.
- Greenwashing remains a concern to some investors, with 34 per cent saying it is a major concern, and 62 per cent saying it is a major/moderate concern.
"The concerns of Canadians are very much warranted," added
*
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About
About the Pollara Study
This study was conducted with an online sample of 1500 adult Canadians, 18 years of age and older, between
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