202111 May
A brief history of ESG
Type
General News
Source
Financialsoftware
Summary

Originally, its roots were in the religious movements of Anglo-American countries in the 19th century, who restricted members from investing in businesses that dealt in alcohol, tobacco and gambling. The rise of SRI has been closely linked to the major changes in society such as environmentalism, human rights, gender diversity and wildlife conservation. Over the last two decades SRI continued to grow globally, propelled by government legislation and international organisations like the United Nations, and their creation of the UN Sustainable Development Goals (SDGs). The seventeen SDGs acknowledge that ending poverty and other deprivations must go in conjunction with strategies that improve health and education, reduce inequality, and spur economic growth, as well as tackling climate change and working to preserve the oceans and forests. There are also a growing number of investors beginning to insist that their portfolios better reflect their values, across a spectrum of Environmental, Social and Governance (ESG) issues.

Classifications
  • Fintech & Banking
  • Investment Banking
  • Tax Preparation
  • Accounting and Taxes
  • General Data Management