Biden's Boom: The $30 Trillion ESG Sector Is Set To Explode In 2021
With trillions of dollars pouring into ESG funds last year, 2020 has been described as a "turning point" for this megatrend.
However, many predict that the ESG boom will pick up again on January 20, 2021.
This is because after the most dramatic elections we've seen in recent history, a “green president” will take office to turn things upside down on day one.
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Biden has called climate change "the main problem facing humanity".
Because of this, CNBC says, "Biden's presidency could be a boost for impact investing."
And Forbes says, "Socially responsible investing is likely to gain momentum under Biden."
While we don't know much about what guidelines will be included in the law in the coming days, it is clear.
After promising to rejoin the Paris Climate Agreement on the first day of his presidency ...
Combating climate change and environmental problems will be high on the list of priorities for the next few years.
This is incredible news for investors who have already seen massive increases in green companies throughout 2020.
Enphase Energy rose 490% in 2020 ...
The digital turbine rose 673% ...
And Tesla became one of the largest companies in the market, with an incredible 684% growth.
But a Canadian company saw this megatrend years ago. And they used 2020 as a stepping stone to take them to the next level.
Facedrive (TSXV: FD, OTC: FDVRF), the eco-friendly ride-sharing company, entered into a number of important partnerships and deals over the past year ...
Including government agencies, A-list celebrities, and global tech titans.
And with bans hurting many in the ridesharing industry, they've grown their business by acquiring grocery delivery companies ...
Adding thousands of restaurant partners and tens of thousands of new customers.
Because of this, Facedrive's shares are up a massive 589% over the past year.
In all markets, we've seen ESG companies up and out the rest.
But now that a president has pledged to make climate change a top priority, many predict that this megatrend will continue to grow from January 20th.
Building the foundation for the ESG boom
Over the past year, asset managers, private companies and local governments have come together to drive this wave of “sustainable investing”.
And while the federal government has largely taken steps to slow this progress, take back environmental regulations, and abandon the Paris Climate Agreement ...
This has done nothing to curb the momentum that has developed behind companies that put ESG issues first.
Peter Krull, Founder, CEO and Director of Investments at Earth Equity Advisors, says: "In reality we have seen more growth in the last four years than in the last 12 years."
"After the 2016 election, people said if the government isn't going to work on these issues, we have to do it for ourselves."
Justina Lai, chief impact officer at Weatherby Asset Management, added that headwinds from the last administration "ultimately brought together local, state and local governments and the private sector."
"Other parts of the economy have adapted to the occasion."
That's why trillions of dollars in smart money is accumulating.
BlackRock, the world's largest wealth manager, plans to have $ 1.2 trillion in ESG assets over the next 10 years.
And it is estimated that 1/3 of all assets under management in the US are already sustainably invested ...
That's $ 17.1 trillion invested in companies that have taken giant strides to put people and the planet first.
And Facedrive (TSXV: FD, OTC: FDVRF) is one of the companies leading the ESG boom into a banner year.
They're bringing electric vehicles into the ride-sharing industry, which was surprisingly bad for soaring CO2 emissions.
With Facedrive, your customers have the choice of starting a journey in an electric, hybrid or gas vehicle without paying an additional premium.
And after they arrive at their final destination, the in-app algorithm grinds the numbers and calculates how much CO2 was generated during the journey.
Then part of the fare is reserved for tree planting, offsetting the carbon footprint from the trip.
So when you drive, Facedrive will plant a tree.
Using next generation technologies and partnerships, they make it easy for customers to make greener choices when they choose to.
They also recently acquired Steer, the electric vehicle company from the largest clean energy producer in the United States.
Steer's EV subscription model changes the traditional model of car ownership significantly.
And that fits exactly with Facedrive, which is already proving to be a strong competitor to Uber in certain ridesharing opportunities.
With ESG companies having a record year in 2020, markets are already looking forward to next year 2021.
Why 2021 will be even bigger
Given the media branding Biden, the “green president”, and the ESG initiatives at the top, many expect this megatrend to emerge when he takes office on January 20th.
Krull says: "If the last four years of growth have been accompanied by headwinds, I am very happy about tailwinds."
Biden's cabinet decisions have already made ESG supporters cheer. But the guidelines we might see could grease the wheels so the ESG boom races forward like never before.
Although these guidelines are unknown at this point, they already signal plans for public companies to disclose emissions data and other information on climate change.
MorningStar also predicts that Biden's initiatives could help guide investors to low-carbon and fossil fuels.
This is all good news for companies like Facedrive that are making green policies a pillar of their business.
But it's not just big investment firms like Blackrock that show that they see ESG as the step of the future.
Celebrities like Will Smith and Jada Pinkett Smith ... sports superstars like Super Bowl winner Russell Wilson ... and big tech giants like Amazon are all getting on.
In the past year, Facedrive (TSXV: FD, OTC: FDVRF) formed important partnerships with all three ...
Help them expand their business to the US and advance their green mission with apps, apparel, and more.
With names like these, it proves that the ESG boom has gone way beyond just a few people buying electric vehicles.
It is becoming a lifestyle change that will affect almost every area of our economy.
More than just climate change
With the health crisis affecting millions around the world last year, we are sure to see further steps that will help people resolve the problem that is still on everyone's lips today.
While the von Biden government has been vocal about the mission to address climate change long term ...
They have also made it clear that they intend to make managing the health crisis a key promise to ending the pandemic.
For this reason, we are already hearing that the Coronavirus Task Force is taking shape and making plans ahead of the inauguration.
And despite the Supreme Court cases and numerous debates surrounding the Affordable Care Act, health care treatment appears to be another major election promise.
All that can be said to support the health of citizens in these unprecedented times will be another topic that will continue to be on the fore in 2021.
This is pushing many ESG-focused companies like Facedrive to go hand in hand more even during the pandemic.
Early last year they branched out and got creative to do their part in tracking and ultimately stopping the spread of the virus.
They partnered with the University of Waterloo and MT> Ventures to develop TraceSCAN, a wearable technology for contact tracing.
It offers an innovative approach to tracking people without a mobile phone using Bluetooth technology.
This applies to large groups of people who previously didn't have reliable contact tracing solutions to stop the spread ...
Children, seniors, low-income people, and employees unable to use phones in the workplace.
And Facedrive has signed important agreements with the Ontario government and Canada's largest airline, Air Canada, to use this technology.
After 2020 laid the foundations for this massive ESG boom, the inauguration of a “green president” could push this trend into the stratosphere.
Because of this, analysts predict that it will "usher in an unprecedented boom for ESG investing" like Facedrive in 2021.
Here are just a few other companies that are focused on the ESG trend:
BlackRock (NYSE: BLK) need not be featured. It is the world's largest global investment management firm with over $ 7.4 trillion in assets under management. With customers in over 100 different countries, it is the de facto leader in its field.
In 2017, BlackRock fundamentally changed its investment strategy, giving priority to stocks with high ESG ratings. BlackRock's focus on technology and sustainability has fueled the new trend in the marketplace and made even more investors think carefully about where to put their money.
There's a reason BlackRock is blowing Wall Street out of the water right now - sustainable investing. The new king of Wall Street recognized the trend long before the competition and has long since committed to the ethos of sustainable investing. Now he wants to grow his sustainable portfolio from $ 90 billion to over $ 1 trillion.
In June 2020, BlackRock even launched a new range of funds that focus on the ESG trend. The funds include; iShares ESG Aware Conservative Allocation ETF (EAOK); the iShares ESG Aware Moderate Allocation ETF (EAOM); the iShares ESG Aware Growth Allocation ETF (EAOR); and the iShares ESG Aware Aggressive Allocation ETF (EAOA).
Facebook (NASDAQ: FB), as one of the world's largest tech companies, completely changed the game. It has taken a particularly innovative approach to creating a more sustainable future and has become a role model for the entire industry. The data centers are among the most energy-efficient and water-saving in the world.
It took the climate goals particularly seriously. Not only have they achieved their goal of being 100% renewable energy by the end of 2020, but they are also working on building more water-efficient data centers. In fact, their data centers use 80 percent less water than typical data centers.
In 2019, Facebook became the largest buyer of renewable energy in the US and the second in the world. It has also made major investments in the development of renewable projects in Texas, Ireland, Denmark and Norway.
Facebook even went a step further and focused on creating more sustainable jobs. The building designs incorporate a range of renewable energy sources and water recycling methods, promoting the recycling and sustainability of all products consumed on site.
Alphabet Inc. (NASDAQ: togetL) is another tech giant going green. It focuses on raising the bar for the intelligent use of the world's resources. Like Facebook, Google creates sustainable, energy-efficient data centers and jobs. It also uses artificial intelligence to develop more sustainable energy use.
Alphabet's focus is to raise the bar for smarter and more efficient use of the world's finite resources. This has sparked a fire among industry peers, forcing changes across the technology sector and beyond.
Sundar Pichai, CEO of Alphabet stated, “We are determined to do our part. Sustainability has been a core value for us since Larry and Sergey founded Google two decades ago. We were the first large company to go carbon neutral in 2007. We were the first large company to balance our energy consumption with 100 percent renewable energy in 2017. We operate the cleanest global cloud in the industry and are the world's largest renewable energy buyer. "
This year alone, Alphabet's share price is up more than 25%. This is no easy task for a company worth over a trillion dollars. And since big tech is literally building the world around us, it's likely to keep growing for the foreseeable future.
Tesla (NASDAQ: TSLA) is possibly one of the hottest stocks in the ESG space. As one of the most innovative automobile manufacturers in the world, it single-handedly made sure that it went green. Its chic design has become fashionable. You'd have to go out of your way not to see a Tesla when walking around big cities like San Francisco and Hong Kong.
Tesla has wasted no time expanding to meet upcoming demand growth. Indeed, Musk's company is on its way to global domination with the very ambitious goal of 20 million vehicles worldwide by 2030. "I'm not sure we will reach 20 million vehicles," said Elon Musk, CEO of Tesla, told analysts and investors on a conference call in October. "But it seems like a good goal because that would mean we replace 1% of the global fleet each year."
Billionaire Elon Musk had his eye on price long before the hype started. In fact, he launched the first Tesla Roadster in 2008, which made electric vehicles cool when people avoid first-generation electric vehicles. Since then, Tesla's stock has risen over 14,000%. And it's not just about cars either. Musk looks at a much bigger picture and forms the basis for an electrified future on all fronts.
The effort is clearly paying off as it is hands down one of the most popular stocks on Wall Street. Even better for Musk and shareholders, Tesla had just come across the S&P 500. Although Tesla's EV threat to the industry is clear, competition in China is intensifying.
Microsoft (NASDAQ: MSFT) goes far beyond its emissions targets of being carbon neutral in the next ten years. An achievement that will not be an easy task for such a large technology company. In addition, Microsoft has developed new solutions to help other companies reduce their emissions.
The tech giant has made numerous investments in clean energy around the world. From Ohio to the Netherlands, Microsoft is investing millions in solar and wind projects to not only reduce its carbon footprint, but also to help neighboring communities do the same.
In addition to its investments and green activities, Microsoft is also building the next generation of hardware and software to help the world reduce its dependence on fossil fuels. The Azure IoT, for example, connects and manages solar panels connected to the internet to improve efficiency and open a line for a whole new way of distributing energy within communities.
Conor Kelly, the software developer who leads the distributed solar energy project for Microsoft Azure IoT, said, “We need to decarbonize the global economy to avoid catastrophic climate change.” He added, “The first thing we can do and the easiest thing we can do focuses on electricity. "
Canada's Silicon Valley is also taking part in the ESG race. Shopify Inc (TSX: SHOP) Canada's very own e-commerce giant is helping users build their own online stores. It has big customers - everyone from Tesla to Budweiser is on board. And the company is loved by millennial investors. In addition to its revolutionary approach to e-commerce, Shopify is playing an increasingly active role in creating a greener future. It has pledged to spend at least $ 5 million annually on combating climate change. There are even cuts in the entire company’s operations, the data centers are shut down and renewable energies are procured for the buildings.
Telecommunications giant Shaw Communications Inc (TSX: SJR.B) is another great example. Shaw is taking a leading role among Canadian telecommunications providers through the use of renewable energy. In fact, Shaw is one of Bullfrog Power's largest customers, drawing its electricity from a mix of wind and hydropower. In addition, the company is building its own portfolio of investments in clean energy.
In addition to investing in green energy, the company has launched an initiative to power its data centers with renewable energy and has even implemented software to create more efficient routes for its drivers who are getting fewer
BCE Inc (TSX: BCE) is another Canadian telecommunications giant making great efforts to reduce its carbon footprint. In fact, the company was named one of Canada's Greenest Workers in 2019. For the past 25 years, BCE has been at the forefront of the environmental movement. Your environmental management system (EMS) has been ISO 14001 certified since 2009.
BCE is not just a sustainability boost, it's also a great place to work. It's one of the best family-friendly employers in the country and has great hiring practices, making it a great choice for ESG investors.
BCE is also at the forefront of the Internet of Things movement in Canada. The machine-to-machine solutions are used by many companies, including TaaS providers across North America. The new LTE-M network will certainly quickly increase the acceptance of these solutions.
GreenPower Motor (TSX: GPV) is a promising young electric bus manufacturer. Currently the focus is mostly on the North American market, but there is plenty of room for growth as the industry develops. GreenPower was founded over a decade ago and is at the forefront of the electrical movement. It makes affordable battery electric buses and trucks. From school buses to long-distance public transport, the impact of GreenPower on the sector cannot be ignored.
Since the beginning of the year, GreenPower Motor's share price rose from $ 2.03 to $ 24.45. This means that investors saw an increase of 1,104% this year alone. And with that glowing sector only rising, GreenPower is likely to continue to impress.
Magna International (TSX: MG) is a great way to get into the EV, and therefore ESG, market without betting on any of the hot new automaker stocks ripping apart Robinhood. The 63-year-old Canadian manufacturing giant provides mobility technology to automakers of all kinds. From GM and Ford to luxury brands like BMW and Tesla, Magna is a master at flashy deals. And it's clear why. The company has the experience and reputation automakers seek.
By. Dave Petersen
**IMPORTANT! By reading our content, you expressly agree to the following. PLEASE READ CAREFULLY **
This release contains forward-looking information that is subject to a number of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this release include that demand for carpooling will increase. that Steer can help change vehicle ownership in favor of subscription services; that Tracescan could help cope with COVID and will sign new agreements to use its alarm wearables; that new tech deals will be signed by Facedrive and deals already signed will increase the company's revenues; that Facedrive can expand into the US and worldwide; Facedrive's merchandise store and sports prediction app will prove popular and successful. that Facedrive will be able to fund its capital requirements in the short and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a number of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements include that drivers may not be as interested in EV driving as expected. that competitors can offer better or cheaper alternatives to the Facedrive stores; TraceScan may not work as expected in commercial environments and customers may not purchase or use it. Change in government laws and policies; the company's ability to obtain and maintain required licenses in each geographic area in which it operates; the success of the company's expansion activities and whether markets warrant additional expansion; the company's ability to attract drivers with electric and hybrid cars; Facedrive's ability to partner with suppliers of goods and services on terms that are mutually acceptable and on terms that are profitable to Facedrive; and that Facedrive's co-branded products may not be as commercially available as expected. The forward-looking information contained herein is as of the date of this document and we assume no responsibility to update or revise this information to reflect new events or circumstances, unless required by law.
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