Why Become an ESG Investor?
The question is not rhetorical.
On the Rise
The OECD reports that one fifth of professionally managed U.S. assets now invests at least partially on environmental, social, and governance principles. Other sources cite higher figures. Whatever the true amount, ESG’s emergence trails only the growth of indexing as the largest investment trend of the past decade.
That ESG investing has become thoroughly mainstream is demonstrated by the decision of Wharton’s MBA program--traditionally, the Wall Street feeder--to add ESG research to its curriculum. Explains Wharton’s dean, Erika James, “The students are asking for it. We’re going to have coursework and reading material and discussions on corporate social responsibility. We have to ... if we want to continue to be an attractive choice for business school students.”