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InvestmentsTwo leading U.S. sustainable business groups merge By Reuters

Two leading U.S. sustainable business groups merge By Reuters


© Reuters. FILE PHOTO: Ice lotions of Ben & Jerry’s, a Unilever model, are seen at their store in London, Britain, October 5, 2020. REUTERS/Hannah McKay/File Photo

BOSTON (Reuters) – Two leading U.S. sustainable-business groups on Wednesday mentioned they’ve merged to enhance providers and advocacy and to assist members discover higher funding alternatives.

Interest in so-called “responsible investing” has soared as people and establishments pour cash into funds that use environmental, social and governance (ESG) elements to pick out holdings.

The mixed group might be generally known as the American Sustainable Business Network, leaders mentioned, bringing collectively what had been the American Sustainable Business Council and the Social Venture Circle.

Well-known members of the previous embrace outside clothes maker Patagonia Inc and utility Green Mountain Power; members of the latter embrace the Ben & Jerry’s unit of Unilever (NYSE:) PLC and ESG investor Trillium Asset Management.

All 4 will now be members of the brand new community. In all it’s going to embrace 800 member firms, 110 groups and associations such because the National Center for Employee Ownership and a mixed workers of 20 workers, mentioned spokesman Michael Neuwirth.

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