As coronavirus infects markets, sustainable funds prove their mettle

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Highlights:

Clean energy-based investments, known as Environmental, Social, and Governance (ESG) funds, are performing better than fossil fuel backed investments during the current financial decline.

  • ESG funds were not considered safe investments by naysayers, but the hits taken throughout the year are not nearly as bad as their fossil fuel counterparts 
  • $30 trillion of the world’s assets are now in ESG funds and climate-conscious, wealthy millennials play a huge part in these investments
  • ESG funds are now being incorporated into 401(k)’s and retirement plans
  • Volatile oil prices are a major reason why ESG funds are more stable since these funds stay away from major fossil fuel investments 

The Climate Center’s Business for Clean Energy network supports businesses committed to a climate-safe California.


Read More: https://grist.org/energy/as-coronavirus-infects-markets-sustainable-funds-prove-their-mettle/

Nina Turner
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