Sustainable investment, known as ESG Investment, which stands for the focuses of Economic, Social and Governance, has skyrocketed in recent years. Sustainable investment increased by $288 billion globally throughout 2020. ESG assets are expected to represent “more than a third of the $140.5 trillion in projected total assets under management” at over $50 trillion by 2025. This type of investment can have a significant influence, as it can serve as an incentive for companies to better manage their impact on climate change and human rights by requiring due diligence in these areas to increase investment. Its impact can travel from publicly traded companies to seemingly unconnected industries and issues through their supply chains
There are multiple reasons for the sudden increase in ESG Investment. The first is that ESG Investments have recently outperformed other stocks. These socially conscious investments had limited returns for investors in the past; however, ESG Investments now have strong performance even through turbulent markets. A second reason for the increase in ESG Investment is the growing recognition of the urgency of environmental and social issues globally and the need for quality internal governance in a corporation. This recognition is especially prevalent in Millennials, who are significantly more likely to review their investments for ESG impact. The last main reason is the growth of big data technology, which enables assessing companies on economic,...
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