Why Socially Responsible Investing Is Likely to Gain Momentum Under Biden
According to the latest biennial report from the United States Forum for Sustainable and Responsible Investment (US SIF) total US-domiciled assets under management employing ESG investing strategies increased 42 percent over the past two years, to $17 trillion in 2020 up from $12 trillion at the start of 2018. While President-Elect Biden begins to unravel some of the actions of his predecessor, he won’t need to do much to encourage continued growth in ESG investing. Most companies are already enlightened to the fact that being environmentally friendly and socially responsible is good not only for customers and stakeholders, but also for shareholders. One thing that the Biden administration has communicated is their intention to require public companies to disclose more climate change-related financial risk information and emissions data from an operational perspective.
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Forbes