THIS YEAR'S RECORD-BREAKING HEAT WAVES, MASSIVE STORMS AND DAMaging wildfires have made the dangers of climate change clearer, in a more personal way, than ever before. Roughly three-quarters of Americans now say they've been affected by extreme weather in the past five years, a near 20-point jump in five months, and the majority believe climate change is at least partly to blame, according to a September poll from The Associated Press-NORC Center for Public Affairs Research. Those risks have prompted a growing number of people to direct their dollars into investments that aim to tackle global warming and improve the environment-hoping to help save the planet and make some money at the same time.
Popularly known as green investing, this strategy is part of a broader trend among both market pros and consumers to consider non-financial factors along with strictly financial ones, when making decisions about money, from which funds to pick for your 401(k) to where you bank and which retail brands you buy. The investing version is commonly called ESGthe three letters refer to strategies that use environmental, social and governance (company leadership, policies and operations) criteria to help pick stocks. And in recent years the cash has been pouring in. Total assets in ESG investments now stand at around $8.4 trillion, or about 12.6 percent of all the money invested in the U.S., according to the nonprofit Forum for Sustainable and Responsible Investment (US SIF). Put another way, one in every eight U.S. investor dollars is currently stashed in an ESG investment fund.
"People are already making consumer decisions related to sustainability by choosing brands that offer fuel-efficient cars or foods that are organically grown, and now they're making similar decisions with their investing," says Michael Young, director of education at US SIF.
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Denne historien er fra November 03, 2023-utgaven av Newsweek Europe.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Zachary Quinto
ZACHARY QUINTO HAS PLAYED DOCTORS BEFORE, BUT HE'S \"NEVER PLAYED a doctor like\" the one he plays on NBC's Brilliant Minds (September 23).
Adam Brody
NETFLIX KNOWS EXACTLY WHAT MILLENNIALS want, and it's to see Adam Brody and Kristen Bell fall in love.
Partners in Crime
Actor Joseph Gordon-Levitt shares his delight at teaming up with Shailene Woodley again in new Amazon Prime movie Killer Heat
HOW TO FIND A WORKPLACE THAT LOVES YOU BACK
Insights from America's Top Most Loved Workplaces
MOST LOVED WORKPLACES 2024
AT A TIME WHEN WORKERS ACROSS THE UNITED STATES CONTINUE TO redefine what they expect from their jobs, the companies on Newsweek's annual list of the Most Loved Workplaces in America are setting the standard for what a fulfilling workplace looks like.
Q&A LEE YARON
With 10/7, the professional became profoundly personal.
SDEROT INTERSECTION
How Jewish and Arab strangers united to rescue two little girls amidst Hamas' October 7 attack
No End in Sight
AS TENSIONS CONTINUE TO FLARE AT ISRAEL'S BORDERS, NEWSWEEK DISCOVERS HOW LIFE HAS CHANGED IN THE REGION A YEAR ON FROM THE OCTOBER 7 HAMAS ATTACKS
Thai Scammers Set Sights on US
Newsweek looks inside the Southeast Asian country's $2 billion cybercrime industry and how American citizens are now falling prey to sophisticated schemes run overseas
PARTING SHOT: Sarah Paulson
\"CAN YOU IMAGINE IF THE AIR WAS JUST FILLED WITH DUST PARTICLES and you literally could not breathe?\" That's what Sarah Paulson is tackling in her new film Hold Your Breath (October 3).