A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York, United States, on Thursday, February 11, 2021.
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Analysts from the biggest banks on Wall Street have listed their top stocks for environmental, social and governance (ESG) factors in an industry that has grown in popularity in recent years.
In the United States last year, investors invested $ 47 billion in investment strategies that take ESG characteristics into account, as well as financial metrics, according to Goldman Sachs. This is almost double the amount for the previous five years combined.
Analysts Swiss credit listed several “high quality” US ESG stocks that investors are currently “missing”, and Morgan stanley, meanwhile, chose the best choices in the field of oil and gas, because companies are faced with a “consideration of climate-related risks”. Wells fargo listed food stocks, he said, are ahead of more stringent European ESG regulations.
Goldman has listed brand names with high environmental and social scores in entertainment, food and beverage, financial services, and technology.
Here is the full list of the best ESG choices for investment banks.