Investors looking to put their money in funds that screen for environmental, social and governance issues, or ESG, now control a whopping 25 percent of U.S. investments. Big finance firms are, understandably, paying attention. Last year saw dozens of fund launches by Vanguard, BlackRock and others,
- Several high-profile activists – including Cliff Robbins of Blue Harbour Group and Barry Rosenstein of Jana Partners – see environmental and social factors as profit plays.
- “This is hugely important – I think this is a new paradigm for smart investing,” Robbins told a crowd at the 13D Monitor Active-Passive Summit last week.