ETF Digest
UK investors turning down start-ups over poor sustainability credentials, says Amazon
Posted
26 May 2023
Categories
Coverage alert! 💥🌏
Our investor relations and sustainability manager, Zoe VanderWolk recently spoke to the Financial Times Business and Investment reporter Alex Janiaud to discuss the findings of a new Amazon study that showed UK investors opt not to invest in start-ups due to their weak ESG characteristics.
According to research by Amazon, the study revealed that Fifty-six percent of UK investors have turned down a start-up opportunity during the past year due to worries over a company’s sustainability credentials.
As Zoe explains, “We turn down companies all the time on the basis that they’re not impactful on the environment in the way that we would like to see.” She continued, “Embedding sustainability at an early stage of a company’s life makes sense. These things are always easier to put in place at the beginning when you’re smaller and when you don’t have to turn a Titanic around”.
Read the piece in full HERE.