by Leslie Samuelrich, President of Green Century Funds
The climate crisis is precipitating a sustainable investment revolution, and I think that revolution will endure in 2020.
When the environmentally-responsible mutual fund company that I lead was founded in 1991, the average investor was not concerned about sustainability. Times have changed. Nearly 80 percent of respondents to a recent study said that they “love the idea of investing in companies that care about the same issues” as them. This isn’t just lip service.
US sustainable, responsible and impact (SRI) investing continues to expand. The total US-domiciled assets under management using SRI strategies grew from $6.57 trillion at the start of 2014 to $8.72 trillion at the start of 2016, an increase of 33 percent, as shown in Figure A. These assets now account for more than one out of every five dollars under professional management in the United States.
In this newsletter we bring you the results of our continuous monitoring of important ESG / sustainability developments in recent days. We select highlights of news, commentary and research from literally hundreds of possible choices each week. We call your attention to commentary (top, below) of Mike Wallace, the leader of the Global Reporting Initiative (GRI) Focal Point USA efforts.
SustainabilityHQ.com Weekly Highlights February 28 ,2013
You don't have to tell residents in the northeast USA, where Hurricane Sandy combined its tropical moisture with a deep, cold upper air flow last fall and formed "the perfect storm." Nor do you need to remind people in the American Midwest, where back-to-back snowstorms over the past several weeks followed a warmer-than-normal January. Indeed, our climate is becoming more and more “unusual.”