ESG investing is predicted to surge following the coronavirus pandemic and demonstrations over racial injustice. Consumers and Wall Street investors alike are increasingly holding companies accountable for their performance on environmental, social and governance benchmarks—or ESG, for short. Here's how ESG investing could transform the financial sector and business industry.
It's a trend that began to accelerate well before the current crises, and has now gone mainstream.
"Investors were really flocking to ESG strategies," said Valerie Grant, senior portfolio manager of responsible investing at AllianceBernstein. "For ETFs, there were $8 billion inflows into ESG strategies. And for mainstream funds, the flows were $12 billion." ESG is a catch-all term for investing strategies that consider a company's environmental, social and governance factors. While critics have called ESG investing
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