Socially conscious investing has quadrupled in the past decade
By Natasha Frost
Investors like their money to make money. But increasingly, according to a new report from the Harvard Business Review, they expect it to do good, too. In 2010, environmental, social, and governance (ESG) investments made up approximately $3 trillion of all professionally managed assets. As of the beginning of last year, that number had quadrupled to $12 trillion (pdf)—$1 in every four invested in the US.
Investors are speaking with their wallets, the report explains, and have an active interest in the social and environmental decisions their money funds on both a governmental and corporate level.
Photo courtesy of GotCredit.