While many firms are moving their investments towards ESG funds, critics have questioned how closely these funds actually adhere to ESG principles. Recently, in response to these criticisms, the SEC has sent examination letters to firms to determine if these funds are as socially responsible as they claim. Still, despite increased scrutiny, ESG investing continues its success, rising from $2.83 billion held in 2015 ESG firms to $17.67 billion invested this year through November. “In every asset class, in every region, ESG product development is the thing right now,” said Alex Bernhardt, U.S. head of responsible investments at investment consultant Mercer.

Read more via the Wall Street Journal.