US Sustainable Funds Hit $31 Billion in Q3 2020
ESG (environmental, social, and governance) reporting is growing at an unprecedented rate.
Investors are seeking and increasingly allocating to funds with strong ESG commitments and practices.
Sustainable funds in the United States are continuing at a record pace, reaching nearly $31 billion through the third quarter of 2020 — a sharp increase from 2019, according to Morningstar.
With the increasing investor attention, companies are ramping up on their ESG reporting and communicating their sustainable business practices.
“Quite honestly, I think there has been a culture shift,” said Maura Hodge, National ESG Assurance Leader at KPMG. “The reality and impact of climate change is hitting home with the wildfires and hurricanes. And the pandemic has put a spotlight on employees’ health and safety this past year,” she said.
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