In the Margins

Will Trump's withdrawal from Paris Accord boost ESG?

June 2, 2017

By InvestmentNews

President Trump's decision to withdraw from the Paris climate accord will increase the need for environmental, social and governance investing, financial advisers say. In the United States, at least $7 trillion was focused on ESG in 2016, according to The Forum for Sustainable and Responsible Investment. That's up from $3.7 trillion in 2012 and $639 billion in 1995, according to Envestnet PMC. "My first reaction is a that it's bad day for the planet, a sad day for the economy, but a great day for sustainable investing," said Andrei Cherny, CEO of Aspiration, an ESG advisory firm. "ESG will matter more than ever before." Read the original story from InvestmentNews.