fbpx

ESG investments predicted to rise under Biden

Given the election results, South Florida-based ESG firms like Raymond James are going to be more relied upon than ever: According to its website, “Through sustainable investing, not only can investors aim to make a positive impact on society and the environment, they can potentially improve the risk/return characteristics of their portfolios by factoring environmental, social and governance (ESG) criteria into their investment decisions.”

Its mission and that of other ESG firms will undoubtedly see success during the Biden administration, according to Nigel Green, the founder and CEO of deVere Group, one of the world’s largest independent financial advisory organizations. Green predicted earlier this year that ESG investing would become a “megatrend” of the decade shown by the increase in those looking for these investments. It’s an observation further supported by a deVere survey that showed that “more than a quarter of all clients are currently considering or are already actively engaged in responsible, impactful and sustainable investing.”

Green anticipates more growth in ESG investing for several reasons. First, the Biden campaign’s emphasis on “values that have an inherent synergy with ESG-orientated investments,” promising change on issues such as climate change, social justice, equality, diversity, human rights and corporate transparency and accountability. A few examples include Biden’s promise to have the country re-enter the Paris Agreement and transition to renewable energy.

“Second,” Green says, “it is probable that U.S. rules surrounding ESG investing and corporate disclosures will now come into line with those of Europe—something Trump fiercely opposed. If the rules on ESG investing are matched and agreed upon, and an international standard and framework brought in, we can expect further institutional investment piling into the ESG sector.”

ESG investing is already growing. CNBC recently reported that audit firm Deloitte’s data showed that while 48% of global investors applied ESG criteria to at least a quarter of their investments, 75% did so in 2019. Deloitte also predicts that U.S. investors will have half their investments in ESG.

Also boosting ESG investments? Changing demographics.

“The biggest-ever generational transfer of wealth—likely to be around $60 trillion—from baby boomers to millennials (who are statistically more likely to seek responsible investment options), is to take place in the next couple of years,” Green says. “As such, ESG investing is set to grow exponentially in the 2020s. Biden has bold plans that perfectly square with ESG investments—an already burgeoning market. We can expect the boom to intensify further.”

You May Also Like

American Heritage Schools’ Palm Beach Campus Wins Top Prize at Palm Beach Regional Science Exhibition

American Heritage Schools achieved yet another remarkable victory at the Palm Beach Regional Science and Engineering Fair held at Safe Schools Institute in Boca Raton. For two years, 15 of the 30 high

Mothers Against Drunk Driving Holds Annual Walk Like MADD & MADD Dash Fort Lauderdale

The event is held in over 90 cities in the U.S.

Solarback and Changing Lives of Boca Raton Hosts Beach Cleanup

The event honored Global Recycling Day on March 18.

Savor Soflo Culinary Experience Returns to Hollywood Beach

The event showcases South Florida’s dynamic hospitality and cuisine scene.

Other Posts

Stitch Lab’s Three-Day Fashion Pop-up Makes Comeback to Miami Design District

The event serves as a launching pad for Latin American fashion.

Diversity Honors at Seminole Hard Rock Hotel & Casino Unveils Honorees

Groundbreaking and internationally acclaimed recording icon Belinda Carlisle will be among the recipients.

Hallandale Beach Event Series Seeks New Restaurants and Additions

The lineup is part of the South Beach Wine & Food Festival, which has raised over $37 million for the Chaplin School of Hospitality & Tourism Management at FIU.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.