by Naveena Sadasivam, Grist

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

Energy Programs and Communications Coordinator

Janina is a graduate of the Energy Management and Design program at Sonoma State University with experience in non-profits that specialize in sustainability and volunteerism.

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