Big money is turning its back on companies that aren’t conforming to one simple idea, called 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, while the new King of Wall Street is leading the charge.
BlackRock, with over $7 trillion in assets under management took over the FED and US Treasury 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, 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.
The Washington, DC-based Steer high-end EV subscription service plans to get even more EV’s 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.
From the world’s first carbon-offset ride-sharing platform to an electric vehicle subscription service…Facedrive is rethinking the entire concept of car ownership. And ESG investors are loving it.
And its “people and planet first” motto fits in perfectly with the new fabricated kings of Wall Street.
Today’s Zionist driven 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. Investors have had enough financial loss over scandal. And they’re banking on anyone who’s not paying attention to the climate risking a lot in the end.
Facedrive steps up to the plate, where giants like Uber and Lyft failed. Uber and Lyft disrupted the hundred-year-old taxi dynasty completely, but they ignored the growing sustainability trend.
They created more pollution than they displaced, and in terms of governance, they spent most of their time butting heads with local authorities and their own drivers.
Facedrive saw the gaps, and created a roadmap for the ride-hailing future. It was the first to offer riders a choice of EV’s and hybrids, and the first to plant trees to offset its carbon footprint. It’s the first carbon-offset offering in this space.
When you combine the $5 trillion global transportation industry with an energy industry whose renewables sector is growing dramatically, you get one of the most lucrative marriages of industry yet.
In its plan to disrupt the auto industry, Steer offers a seamless, hassle-free technology that gives subscribers access to their own virtual garage of low-emissions vehicles and EV’s.
Oil Price.com / ABC Flash Point News 2020.