(The writer is a Reuters contributor. The opinions expressed are his own.)
By Chris Taylor
NEW YORK (Reuters) – Administrators of some of the country’s largest public pension funds have decided they are interested in sustainable investing – and the financial industry is listening.
Investing with a focus on environmental, social and governance issues – known as ESG – now amounts to $ 12 trillion in the United States, according to a new report from the nonprofit US SIF: The Forum for Sustainable and Responsible Investment.
That amount has increased 38 percent in two years, with much of that driven by big institutional investors with big dollars to manage.
<... Reuters: Wealth