How a Biden Administration Will Boost ESG and Impact Investing
By Abby Schultz
The election of Joe Biden as the next president of the U.S. is expected to have wide-ranging implications for investors who care about the environment and society, even if Congress remains divided.
Ironically, President Donald Trump ’s approach to the environment and underserved populations is considered one reason why investment dollars have poured into strategies that seek to have a positive impact on environmental, social, and governance (ESG) matters over the last few years.
“People have been more engaged to a certain level because they realized the urgency,” says Yuliya Tarasava, co-founder and chief operating officer of CNote, a fintech firm channeling investments to Community Development Financial Institutions (CDFIs).
Photo courtesy of Ferdinand Stöhr.
Source: Barron's (link opens in a new window)