Why Socially Responsible Investing Is Likely To Gain Momentum Under Biden

Despite the Trump administration’s environmental policies investors and companies have rallied around sustainability. Get ready for a Biden boom in 2021.

^In the months leading up to the presidential election in 2016, socially responsible investing was gaining popularity on Wall Street. In February Larry Fink, CEO of the world’s largest asset manager, $7 trillion BlackRock wrote an open letter to global CEOs: “Generating sustainable returns over time requires a sharper focus not only on governance, but also on environmental and social factors facing companies…BlackRock has been undertaking a multi-year effort to integrate ESG considerations into our investment processes, and we expect companies to have strategies to manage these issues.”