Podolny: For responsible investment
Responsible investment has come to prime time. Today, nearly one in five invested dollars is committed to the premise that sustainability and societal good should play a role in the investment process. Signatories of the United Nations Principles for Responsible Investment have a collective $18 trillion under management. Far from being limited to idealists without serious economic goals, global insurance companies and even private equity firms invest to reward their wallets and fit their environmental and social prerogatives. And they are doing so in an innovative way.