25% of wealth managers have taken steps to reduce carbon emissions – PwC

According to a survey conducted by PricewaterhouseCoopers Luxembourg, a quarter of the CEOs of global wealth and wealth managers have implemented carbon reduction initiatives in their business.

Survey provided Pensions and investments also showed that 23% of CEOs worldwide plan to introduce alternative energy sources into their business operations, and 28% plan to decarbonize their business models.

PwC said that global investment firms are lagging behind when it comes to introducing new environmentally friendly products or processes. According to PwC, only 36% of CEOs said they are currently in the process of developing such innovations.

The survey of 217 wealth and wealth management companies around the world also looked at the prospects for the wealth management business.

In the short term, about a third (31%) of executives said they were “very confident” about short-term growth over the next 12 months, while 36% said they were “moderately confident.”

Over the medium term, 38% of CEOs worldwide were “very confident” in their earnings growth prospects, while only 5% of CEOs worldwide were “unsure”.

Top managers said they are aware of their exposure to macroeconomic instability and inflation. About 40% and 41% of executives believe that over the next 12 months their business will be exposed to the market and inflationary pressures, respectively.

Over the long term, just over a third of CEOs worldwide said they would be vulnerable to macroeconomic volatility. Similarly, 30% believe they will be extremely exposed to inflation.

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