With trillions of dollars pouring into ESG funds last year, 2020 has been called the “tipping point” year for this mega-trend.
But many are predicting that the ESG boom will take off again on January 20th, 2021.
That’s because after the most dramatic election we’ve seen in recent history, a “green president” is set to take office with plans to shake things up on day 1.
Biden has called climate change “the number one issue facing humanity.”
This is why CNBC says, “Biden’s Presidency Could be a Boost for Impact Investing.”
And Forbes says, “Socially Responsible Investing Is Likely To Gain Momentum Under Biden.”
But while there’s still much we don’t know about what policies will be signed into law in the days ahead, this much is clear.
After pledging to rejoin the Paris Climate Accord on Day 1 of his presidency…
Tackling climate change and environmental issues will be at the top of the list of priorities over the next several years.
This is incredible news for investors who have already seen massive gains in green companies throughout 2020.
Enphase Energy jumped 490% in 2020…
Digital Turbine soared 673%…
And Tesla became one of the biggest companies on the market with incredible 684% gains.
But one Canadian company saw this mega-trend coming years ago. And they used 2020 as a springboard to launch themselves to the next level.
Facedrive (TSXV:FD,OTC:FDVRF), the eco-friendly ridesharing company inked a number of major partnerships and deals over the last year…
Including government agencies, A-list celebrities, and global tech titans.
And with lockdowns hurting many in the ridesharing industry, they grew their business by acquiring companies in the food delivery space…
Adding thousands of restaurant partners and tens of thousands of new customers.
That’s why Facedrive’s shares have surged upwards a massive 589% in the last year.
Across the markets, we saw ESG companies soaring and outperforming the rest.
But now, with a president who’s pledged to make climate change a top priority, many are predicting this mega-trend will take off further starting January 20th.
Building the Foundation for the ESG Boom
Throughout the last year, we saw asset managers, private companies, and local governments band together to push this wave of “sustainable investing” forward.
And while the federal government has mostly taken steps to slow down that progress, rolling back environmental regulations and leaving the Paris Climate Accord…
That’s done nothing to slow the momentum that’s been building behind the companies putting ESG issues first.
Peter Krull, the founder, CEO, and director of investments at Earth Equity Advisors says, “The reality is we’ve had more growth over the last four years than we did over the previous 12 years.”
“After the 2016 election, people said that if the government isn’t going to work on these…
Read More: The $30 Trillion ESG Sector Is Set To Explode In 2021