The Wall Street Journal recently reported on the strong and persistent growth of Sustainable and Responsible Investing (SRI) as a mainstream investment style.
According to Eurosif, a Paris-based research firm, Europe's high-net-worth individuals (+$1 million in financial assets) had dedicated almost $1 trillion, or around 11% of their wealth, to "sustainable" investing at the end of 2010. That's an increase of 35% over the figure for 2008, even while such individuals' total assets under management shrank during that two-year period because of the global economic crisis.
What's more, the definition of SRI is expanding to include so-called "impact" investments. This often includes microfinance, "triple bottom line" private equity and venture capital, small business lending and even municipal bonds when targeted to "quality of life" areas such as hospitals, schools, water and other "impact" segments.
Read more at WSJ.com
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