ESG Faces Skeptical Trump, Biden Embrace: Wall Street Votes

Sept. 15, 2020, 5:32 PM

The stark contrast between policies favored by President Donald Trump and Joe Biden means the election could dramatically alter portfolios guided by environmental, social and governance factors.

While the Trump administration has attacked ESG investing by introducing proposals that would require those overseeing pensions and 401(k) plans to put economic interests above so-called non-pecuniary goals, a Biden victory may accelerate the movement in investing.

“Environmental, social, and governance issues represent both risks and opportunities for investors, so incorporating these considerations into the investment process is a prudent step for all investors,” said Solita Marcelli, Americas chief investment officer for ...

To read the full article log in.

Learn more about a Bloomberg Law Subscription.