Understanding Canadian ESG Investment Preferences
A Canadian survey’s findings suggested that people exhibit different behaviours when managing risks or making decisions related to biodiversity versus financial investments. Participants allocated funds between an earlier and a later date, simulating the decision between immediate spending and long-term investment. For the biodiversity allocations, people were comfortable with uncertainty being resolved later and were less willing to delay action today. For the finance allocations, early risk resolution and more patience were favoured. This research underscores that risk and time preferences can differ by domain, and pension plans should avoid applying financial preferences more broadly.