10.25.20
With the 2020 election less than one week away, Columbia Business School Professor Shivaram Rajgopal predicted what the future of Environmental, Social and Governance (ESG) investing could look like under a Biden administration. He noted that if Democrats win the Presidency and both houses of Congress, then some of their legislative priorities would most likely be passing environmentally-friendly legislation that could see the rise of mandatory disclosures of carbon emissions, easing of ESG restrictions on ERISA, green fiscal stimuluses, and green regulation. Regarding ESG disclosure, he expects a Biden administration to follow the ESG metric standards set by the Davos scorecard. Finally, Dr. Rajgopal predicted that while he expects the ESG market as a whole to increase, he also foresees the industry coming under more scrutiny for things such as “virtue signaling” and “compliance costs.”