From Growth Capitalism to Sustainable Capitalism: The Next 20 Years of Sustainable Investing
By Joe Keefe, President and CEO, Pax World Management
Twenty years from now, we will have either successfully transitioned from our current economic growth paradigm to a new model of Sustainable Capitalism or we will be suffering the calamitous consequences of our failure to do so. Likewise, sustainable investing will either remain a niche strategy or it will have supplanted mainstream investing. This is the critical point we must embrace: sustainable investing can no longer simply present itself as an alternative to traditional investment approaches that ignore environmental, social and governance (ESG) imperatives; it cannot simply be for some people; it must actually triumph over and displace traditional investing.
Originally published in Green Money Journal, www.greenmoneyjournal.com.
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