ESG GAINING IN POPULARITY
According to the Global Sustainable Investment Alliance, over $22 trillion of assets were managed under responsible investment strategies globally in 2016, up 25% from 2014.
The rise of ESG (environmental, social and governance) investing can be attributed to a number of factors, such as generational change (Millennials and Generation X increasingly taking over from Baby Boomers in positions of influence), shifting energy sources (like renewable energy), climate change finally becoming a reality, and public-private collaborations. The list goes on.
Make no mistake, ethical/socially responsible/sustainable investing is not a vanity project or a niche thing. These days you can help out the planet by getting your money out of fossil fuels, or give the human race a break by divesting from weapons or tobacco, and still make a nice return.
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Rick Maggi