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November 12, 2020 | less than a minute read

ESG investing under Biden Harris....

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Doug Davison

Partner

Get in touch

Doug Davison

Partner

Market participants are expecting a Biden-Harris administration's “build back better” blueprint trumpeted during the campaign--in effect, connecting ESG issues to a post-COVID economic recovery--to accelerate ESG investing trends. Among the many potential changes (including reversing changes to nearly 100 environmental rules the current administration reportedly affected), includes a "full court" federal government approach to climate change, which President-Elect Biden sees as "an existential threat." A focus on arriving at a uniform, clear definition of climate and "S" and "G" in the current environment of numerous approaches, although requiring resources and careful attention, may well be a welcome development for companies struggling to satisfy investor (and likely regulatory) scrutiny of what companies represent about their practices. From a governance and risk perspective, now is the right time to consider these issues, before the regulators come knocking....

"The election of Joe Biden as the next president of the U.S. is expected to have wide-ranging implications for investors who care about the environment and society, even if Congress remains divided. Ironically, President Donald Trump ’s approach to the environment and underserved populations is considered one reason why investment dollars have poured into strategies that seek to have a positive impact on environmental, social, and governance (ESG) matters over the last few years."