Millenials are credited for being behind the steady increase in socially responsible investing but a recent study shows other generations also find it to be of importance.
With all the changes in the world today, consumers are becoming more and more knowledgeable on the companies with which they choose to interact and do business.
Socially Responsible Investing (SRI) has grown rapidly at a steady pace over the last decade and currently accounts for nearly $30 trillion of the investable assets.
Trump is well known for his skepticism of climate change which ironically has led to an increase in socially responsible investments.
ESG funds increased by nearly 50% in 2018 and assets grew to over $160 billion after a third consecutive year of significant in-flows.
ESG investments were once considered risky niche investments – but that’s no longer the case. They currently account for over $20 trillion of assets under management.
More than one-quarter of the U.S. investable assets managed by professionals used sustainable investing strategies.
A partnership between the College for Financial Planning and US SIF: The Forum for Sustainable and Responsible Investment has led to a new certification.