Investing
Zeus: ESG deals push through recession talk as investors look past election, bear market
Published:
Last Updated:
(David Callaway is founder and Editor-in-Chief of Callaway Climate Insights. He is the former president of the World Editors Forum, Editor-in-Chief of USA Today and MarketWatch, and CEO of TheStreet Inc. His climate columns have appeared in USA Today, The Independent, and New Thinking magazine).
SAN FRANCISCO (Callaway Climate Insights) — An expected narrow win by Republicans for control of the U.S. House of Representatives this month means we’ll still have to endure obnoxious, anti-ESG hearings in the New Year. But for most investors in environmental, social and governance deals, that backlash ship has sailed.
Third-quarter deal flow reports suggest ESG investing has withstood the worst of the bear market and money is still flowing into clean tech despite talk of a recession next year and a further leg down in global markets. Investing in sustainable buildings, so-called energy efficiency, was particularly strong. And despite backlash from some red state officials against large fund managers over their ESG practices, the allure of profit as the economy transitions to renewable energy is too strong to overcome.
“In the past 12 months, we’ve had more than 1,000 new signatories to the PRI,” said David Atkin, CEO of the London-based Principles for Responsible Investment group, which has more than 5,000 total asset owners and managers as members now. “It is now mainstream for investors to believe that environmental strategies are material.”
The numbers tell the story…
Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
