Barclays Steers Ultra-Rich Clients Toward New ESG Entrepreneurs
- Wealthy increasingly looking beyond wind, solar and EVs
- Energy storage technologies among areas drawing interest
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High net-worth clients at Barclays Plc are being steered toward sustainable investment products that tap into a new class of ESG entrepreneur.
Wind, solar and electric vehicles aren’t enough to generate the kinds of returns that Barclays private bank wants to offer its environmental, social and governance investment clients. Instead, “it’s the second order of ideas that are of interest,” said Damian Payiatakis, who leads a team advising individuals, families and charities, as well as private and public market specialists on ethical and sustainable investing.