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Over the Next Decade, These 10 Stocks Will Ride the ESG Investing Wave

InvestorPlace Logo By Will Ashworth of InvestorPlace | Slide 1 of 11: Not to be a stickler for details, but the 2020s actually begin this Jan. 1, 2021. Over the next decade, InvestorPlace will continue to cover the investment themes that interest our readers. One subject sure to generate interest is in ESG investing.  Bank of America estimates that $20 trillion — the size of the S&P 500 — will flow into environmental, social and governance strategies over the next 20 years as millennials and Generation Z become the primary investors.  When it comes to the “E” part of ESG investing, climate change and global warming are a subject near and dear to people of all ages. A recent study by Stanford University's Resources for the Future and ReconMR found that at least 60% of Americans believe climate change will be a serious issue in the future. “These data provide strong signals to many policymakers about how their constituents would like them to vote on legislation related to global warming. With just over a week until the presidential election, these findings document the likely role that climate will play in voting decisions from coast to coast,” stated social psychologist Jon Krosnick, the study's co-author and a professor at Stanford. Companies of all sizes are implementing policies to reduce their carbon footprint. Certain businesses will benefit from this focus.  Covid-19 is sure to alter ESG investing in the future. We asked Laura Gonzalez, Ph.D., an associate professor of finance at California State University, Long Beach, to comment on these changes. “Covid-19 has increased uncertainty levels in all aspects of life and changed lifestyles. There is less need to travel and less opportunities to socialize. This will reflect in expenditure decisions,” Gonzalez wrote in an email to InvestorPlace.com. “Also, unemployment is increasing world-wide and recovery will take years towards a new normal. This means that new sustainability options will be explored, especially aided by technology or more likely to protect users or consumers from disease.”  Vestas Wind Systems (OTCMKTS:VWDRY)  Umicore (OTCMKTS:UMICY)  Tesla (NASDAQ:TSLA)  First Solar (NASDAQ:FSLR)  NextEra Energy (NYSE:NEE)  Plug Power (NASDAQ:PLUG)  Atlantica Sustainable Infrastructure (NASDAQ:AY)  Beyond Meat (NASDAQ:BYND)  Switchback Energy Acquisition Corp. (NYSE:SBE)  Brookfield Asset Management (NYSE:BAM)            The 10 Best Stocks to Buy for Gen Z Investors          These 10 stocks are working to slow global warming. Each of them plans to do well by doing good. Long-term, ESG investing will be a winning strategy for all stakeholders.

Not to be a stickler for details, but the 2020s actually begin this Jan. 1, 2021. Over the next decade, InvestorPlace will continue to cover the investment themes that interest our readers. One subject sure to generate interest is in ESG investing.  Bank of America estimates that $20 trillion — the size of the S&P 500 — will flow into environmental, social and governance strategies over the next 20 years as millennials and Generation Z become the primary investors.  When it comes to the “E” part of ESG investing, climate change and global warming are a subject near and dear to people of all ages. A recent study by Stanford University's Resources for the Future and ReconMR found that at least 60% of Americans believe climate change will be a serious issue in the future. “These data provide strong signals to many policymakers about how their constituents would like them to vote on legislation related to global warming. With just over a week until the presidential election, these findings document the likely role that climate will play in voting decisions from coast to coast,” stated social psychologist Jon Krosnick, the study's co-author and a professor at Stanford. Companies of all sizes are implementing policies to reduce their carbon footprint. Certain businesses will benefit from this focus.  Covid-19 is sure to alter ESG investing in the future. We asked Laura Gonzalez, Ph.D., an associate professor of finance at California State University, Long Beach, to comment on these changes. “Covid-19 has increased uncertainty levels in all aspects of life and changed lifestyles. There is less need to travel and less opportunities to socialize. This will reflect in expenditure decisions,” Gonzalez wrote in an email to InvestorPlace.com. “Also, unemployment is increasing world-wide and recovery will take years towards a new normal. This means that new sustainability options will be explored, especially aided by technology or more likely to protect users or consumers from disease.” Vestas Wind Systems (OTCMKTS:VWDRY) Umicore (OTCMKTS:UMICY) Tesla (NASDAQ:TSLA) First Solar (NASDAQ:FSLR) NextEra Energy (NYSE:NEE) Plug Power (NASDAQ:PLUG) Atlantica Sustainable Infrastructure (NASDAQ:AY) Beyond Meat (NASDAQ:BYND) Switchback Energy Acquisition Corp. (NYSE:SBE) Brookfield Asset Management (NYSE:BAM) These 10 stocks are working to slow global warming. Each of them plans to do well by doing good. Long-term, ESG investing will be a winning strategy for all stakeholders.
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