WEALTHTECH
Duncan Grierson and the team at sustainable investment platform Clim8 Invest have their eye on one prize, and are cutting through the greenwash to reach it Sustainable investment funds have doubled over the past three years. And the pandemic has played an accelerating role, as investors reassess their values and redirect their wealth. Research by Morningstar reveals that net sustainable investment flows in the States hit $30.7billion by the end of the third quarter, compared to $21.4billion in the whole of last year, helping to push the global sustainable investment market to a record high of $1,258billion in assets under management. But the true trailblazer continues to be Europe. Soaring ahead,
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TheFintechMagazine | Issue 18
sustainable investments surpassed the $1trillion mark this year. Unsurprisingly, we’ve seen swathes of funds repurposed and ‘greened’ (around 32 in Europe) and 166 new sustainable funds created to meet demand. It seems everyone wants a piece of the lucrative green market. Along the way, a fair amount of new digital wealth managers have appeared, too, each one striving to be more ethical than the last. One of the latest is Clim8 Invest. Launching soon, it’s a symbol of our times: an app that empowers ordinary folk to invest for the environment. When Clim8 launches, it will offer customers a
choice of investment portfolios. “Our day-one product is aimed at keeping it simple; these are the themes we’re investing in and everybody gets a piece of what’s in our portfolio,” says CEO and Founder Duncan Grierson. “Exactly what they get will depend on their risk appetite: are they cautious, adventurous or something in the middle?” There’s nothing unconventional there. Generally, investment portfolios are categorised by risk and the investments are available within a stocks and shares ISA wrapper or as a general investment portfolio. A quick count reveals there are around 28 mainstream digital wealth www.fintech.finance