Using environmental, social, and governance (ESG) factors to evaluate investments in companies has in recent years become increasingly popular and controversial. One of the most notable and influential initiatives for ESG investing is the United Nations Principles for Responsible Investment (PRI), created in 2006. Asset managers signing on to PRI commit to incorporating ESG into their portfolio decision-making and also to actively monitoring their investment. By 2019, the total assets under management (AUM) of signatories worldwide have grown from just a few hundred-billion dollars to more than $90 trillion – almost three times the market capitalization of companies in the … Read more