Amazon boss Jeff Bezos is committing $10 billion to the global fight against climate change. The money is part of the newly launched Bezos Earth Fund, which will direct financial support to scientists and organisations tackling the crisis crisis.
The announcement was welcomed today by Nigel Green, chief executive and founder of deVere Group, who is predicting Environmental, Social and Governance (ESG) investing will become the ‘new norm in less than five years’.
“Responsible and impactful investing is already fundamentally reshaping the global investment landscape,” said Mr Green. “It is the trend that will define the 2020s – so much so that I’m confident that environmental, social and governance (ESG) investing will be the new norm in less than five years.”
He added: “Global awareness has skyrocketed about environmental, social and governance considerations over the last 12-18 months, in part due to the activism of the likes of Greta Thunberg, Extinction Rebellion and Jane Fonda, and due to the growing media coverage of climate change and its serious effects.
“As a result, these issues now sit at the heart of the investment decision-making process amongst eight out of 10 millennials, according to a recent deVere survey. Some argue this is likely to be even higher for Generation Z.”