July 22, 2021
Environmental, social, and governance (ESG) is the well-known splash in the investment world, but there is a new way to quantify it. The investment firm Pimco, which manages $2.2 trillion in assets, analyzed earnings call transcripts for every quarter since May 2005. They found that in 2018 only about 0-1% of calls mentioned ESG, by 2019 that number was at 5%, and in 2021 it climbed to 19%. The exponential growth in ESG is also in financing too, as sustainable investing assets grew by 42% since 2018. Pimco is using this info to invest in ESG firms, moving to overweight green, digital, and forestry and pulp products. They are also remaining cautious of fossil fuels. A combination of the Paris Accord and investors sentiment is fueling the boosted ESG demand.
FINSUM + Magnifi: This level of corporate consciousness is good for ESG, it means it's more than just hollow investments, but something boards are moving towards to qualify for ESG funds and bonds.
Other news today: REITs Are the All-In-One Problem Solver for This Market and Are Millennials Buying the Dip?
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