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Outlook
June 3, 2021
4 mins

Greener and sooner

June 3, 2021
4 mins
HARLIN SINGH UROFSKY
GLOBAL HEAD OF SUSTAINABLE INVESTING
MALCOLM SPITTLER
GLOBAL INVESTMENT STRATEGY
Greener and sooner image
SUMMARY

We expect more progress for renewables, energy efficiency, and related investments.


Plunging fossil fuel consumption during lockdowns may have given us a preview of the future. Business travel and commuting may initially resume significantly as the pandemic retreats.

But we believe increased remote working and video conferencing are here to stay. Advances in energy efficiency can ease the mass adoption of electric vehicles.

Governments in the EU, China and US are poised to spend heavily on green infrastructure. We reiterate the case for long-term exposure to the unstoppable trend of “greening the world.”

While a large-scale return to the office seems probable, remote working will also remain to some degree. Companies have realized that they can save space and make productivity gains. And given the success of video conferencing, we suspect that business travel will need to pass a higher approval threshold from now on.

Greening your portfolio

As COVID retreats, we therefore reiterate the importance of the unstoppable trend of greening the world. To add long-term exposure in core portfolios, we favor actively managed strategies from specialists with robust credentials. Investing with Purpose – our approach to environmental, social and governance investing – provides our framework for selecting such managers and other relevant investments

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