The global financial turmoil is experienced by Italians in a way that is contrary to the narration made by the mass media. On the days when the Forum ESG 2030, supported by MASE, an example of the innovative way of investing in sustainability, comes from a research by 'Association for development sustainbile (Asvis) and the consultancy company Social security itineraries. The reports and thematic analyzes add up from week to week, but the data released now is very original. In the world there are extraordinary flows of money towards all sources of energy. Economic superpowers suffer from the circulation of money with renewed interest in traditional sources. In Italy, however, there are savers who believe in sustainable finance and do so for various reasons. Theirs is a projection towards a more sustainable world that has need a lot of money. Environmental protection and renewable energies are a strong theme in Italian politics, but savings management has taken over roads different. There Covid-19 pandemic and the war in Ukraine they even had the opposite effect on investment dynamics. They have stimulated the green bet, they give more impetus to the circular economy.
Green finance has grown after Covid
The operations go through banks and financial institutions. 76% and 56% of those who responded to the research (the Federation of Banks, Insurance and Finance also collaborated) say that the two mega-phenomena are among the causes that pushed the more ESG investments ( ANDenvironmental, social and governance). Who moved the money? 9 pension funds for freelancers; 36 banking foundations; 19 pre-existing and 28 contractual pension funds; 21 Insurance companies. The data is collected in the 2023 Study Paper "ESG and Srl the sustainable investment policies of investors". They are texts that also relate to the operations of welfare, monitored by Asvis. In this sense, the diversity of behaviors between citizens, financial institutions and politics is clear. People, through the bodies they trust, do more for sustainable finance than we can do with the laws.
Increase knowledge of financial markets
More than half of institutional investors are ultimately well oriented and share the fight against climate change. Entrust your savings to institutional intermediaries and guarantee them. Decisions and actions on the markets are taken by the board of companies that collect savings. However, there is 80% of Boards of Directors that have only undertaken to acquire green securities, but have not yet made any investments. They are ready, but evidently want to take advantage of the best opportunities. Only five years ago the subjects who saw good business in the green world were less than halfà of those of the first months of 2023. The sector rules change quickly to pursue global anti-fossil objectives. The “regulatory evolution increases the percentage of respondents (to research) who judge own knowledge is insufficient of sustainability regulation, rising from 7% last year to 14%”, he writes Monica Sozzi on the Asvis website. After all, the vast majority of respondents feel that there is a need for more financial education. To understand where to invest your money and the consequences that sustainable finance generates on the entire economic system. Training removes from finance that mystery which sometimes enriches someone to the detriment of someone else. Another way to direct savings towards the ecological transition, where the phenomenon is slowing down overseas and in China.
