ESG investment is about making financial investment decisions that are good for the environment, society and governance. Although the ESG investing phenomenon is something that is not a result of the modern era. The thought for sustainable investing has been around for a quite while. This kind of investment is of even greater concern now, ever since the coronavirus took over the world.
Due to the gradually evolving global pandemic, many questions have been raised regarding the impact of the virus on not just the economy, but also the environment. Although environmental problems like air pollution declined due to prolonged lockdown situation around the world, there are other issues that have been causing quite a stir.
One such issue can be of masks that are being used by millions of people in every country. How are these masks being disposed of? Then another issue is that of water since the nature of this virus has caused people to was their hands more frequently and for a longer duration than ever.
So when we think of it, sustainable investment right now can save the environment in hundreds of ways. To top the issues caused by COVID-19, climate change has only gone from bad to worse over the last few years. These investments are not only good for the short-term, but they are also valuable in the long run. Many investors believe that COVID-19 will now influence and drive the ESG investing phenomenon to a whole new level. You can check out a few relatable statistics below.
Infographic by: Raconteur