The year 2020 has already seen environmental, social and governance (ESG) investing gain some high-profile converts. For context, ESG factors have been increasingly used in recent years to evaluate the responsibility and sustainability of public companies, as well as their societal impact.
In January, the head of the world’s largest investment management firm wrote an open letter to fellow CEOs. In it, BlackRock CEO Larry Fink vowed to use his firm’s $7 trillion in assets under management – and the considerable voting power that comes with such a portfolio – to encourage sustainability and fight climate change.
It's a big moment for ESG investing.