Sustainable Investments Surged by Third to $8.7 Trillion in 2016
- Assets using diversity as criteria grew 22%, report says
- Private retirement plans can now join sustainable trend
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Sustainable investments surged by more than $2 trillion in the last two years as money managers worked to accommodate U.S. institutions’ demand for assets that meet environmental, social and corporate-governance goals.
The sustainable, responsible and impact-investing category totaled $8.72 trillion at the start of 2016, representing about one fifth of all managed investments, according to a biennial report published by Washington-based US SIF Foundation, the Forum for Sustainable and Responsible Investment. More than 1,000 investment funds totaling about $2.6 trillion include ESG criteria, the group said.