1.25.20
Last year, investors put $20.6 billion into ESG funds – almost four times the record, set in 2019. As wildfires, drought flooding, and heatwaves spread across the world, many investors are deciding to move funds to address climate change – and asset managers are in a scramble to help meet the demand. The focus of sustainability mostly stems from a younger generation of investors, now taking leadership and decision-making positions across the industry. In a sign of things to come, recently, Blackrock, the world’s largest money manager, committed to make sustainability part of its core investing strategy.
Read more via CNBC Markets.