Investments in environmental, social and governance funds (ESG) quadrupled in size last year.
In 2018, $5.5 billion assets were allocated to ESG funds. That number grew to $20.6 billion in 2019.
ESG investing began in 2004 UN Secretary-General Kofi Annan wrote to the CEOs of significant financial institutions to take part in an initiative to integrate ESG into capital markets. Each year the number of assets has grown as more and more investors seek to make investments that align with their values.
A new survey revealed that 85% of investors are interested in sustainable investing – particularly millennials. Although the amount invested in ESG funds has grown exponentially, the total number makes up less than 1% of the $20.7 trillion invested in all U.S. mutual funds and ETFs.
Learn more from the full article on TheHill.