ESG investing has grown rapidly and become a completely mainstream approach, with investors now asking, “Why would you invest in a company that is less likely to survive in the long-term due to its unsustainable environmental, social or governance practices”?
Earlier this year, Larry Fink, the CEO of the world’s largest fund manager, Blackrock, said in his influential annual letter to clients that climate change has bought us to “the edge of a  9  RBNZ climate change strategy - https://www.rbnz.govt.nz/financial-stability/climate-change/strategy. 9  fundamental reshaping of finance” and that Blackrock is committed to “place sustainability at the centre of (its) investment approach”.