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Wall Street’s Great Reset: A $120 Trillion Transformation

(PRNewswire/Oilprice.com) Big money is turning its back on companies that aren’t conforming to one simple idea. Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen…

In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable. And the new King of Wall Street is leading the charge.

BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five years. Money managers on the Street are saying climate change is their top concern, and a ‘leading criteria’ when determining where they put their money to work.

Sustainable assets already account for $17.1 trillion, but there could be as much as $120 trillion up for grabs. And that’s exactly why sustainable stocks are outperforming the market. 

They are the new go-to investment but could be far better than gold. This sector is a safe haven in that the road to sustainability is long. And it’s not just Big Money’s downside protection against ESG-related risks, many are money-makers. 

While Big Money is busy scrambling for somewhere to park this $120 trillion that’s up for grabs, it could be looking for something like Facedrive (FD, FDVRF) -a tech-driven, multi-vertical, next-gen company with an ESG-focused portfolio that just pulled off a major coup with the acquisition of Washington, DC-based Steer–a high-end EV subscription service that plans to get even more EVs on the road, and even to upend the way we think about car ownership altogether. And this isn’t the only vertical that ties Facedrive into a multi-billion-dollar industry.

It’s tied to the $5-trillion global transportation industry, the $9 trillion healthcare industry, the $850-billion airline industry, the $600-billion major league sports industry and the $26-billion food delivery segment… 

Today’s institutional investor is looking for the value that only high-tech sustainability, good governance and social impact can deliver. In 2020, these are the criteria that could make the difference between making money and losing money.

COVID has hastened that even more, with PwC noting that “public awareness of ESG-related risks has catapulted climate change and sustainability to the top of the global agenda” and that COVID has brought “the real-life impacts of overlooking ESG factors into the spotlight”. And that’s why BlackRock CEO Larry Fink says that “awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance”.

Alphabet Inc. (GOOGL) is one of the leaders in the Big Tech push to go green. Not only is Alphabet powering its data centers with renewable energy, it is also on the cutting edge of innovation in the industry, investing in new technology and green solutions to build a more sustainable tomorrow.

Alphabet CEO Sundar Pichai explained, “We are committed to doing our part. Sustainability has been a core value for us since Larry and Sergey founded Google two decades ago. We were the first major company to become carbon neutral in 2007. We were the first major company to match our energy use with 100 percent renewable energy in 2017. We operate the cleanest global cloud in the industry, and we’re the world’s largest corporate purchaser of renewable energy.”

Alphabet has seen its share price increase by more than 25% this year alone, and that’s no easy feat for a company worth over a trillion dollars. And with Big Tech literally building the world around us, it’s likely to continue to grow for the foreseeable future.

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