Elliot Management Corp. and Third Point LLC are just a few of the top investment firms that have made strides to involve themselves in the latest trend in shareholder activism: environmental, social, and governance (ESG) investing. As individual investors make the move, there are billions of dollars to be had in the ESG market. Institutional investors, like Blackrock, have followed suit. Critics say the moves are happening not for altruistic reasons, but as a savvy business decision. Regardless, the result is the same – an increased investment in ESG principles.
Read more via the Wall Street Journal.