Environmental, social, and governance (ESG) investing has become an increasingly popular trend. According to a recent report by Morningstar, net ESG fund inflows reached $51.1 billion in 2020 (a fourth of net bond and stock flows in the U.S.), compared to just $21.4 billion in 2019 and $5.4 billion in 2018.
Small and large publicly traded companies now file annual ESG reports in addition to their regular annual reports. These reports vary by industry, but the intention is to measure and track a company's impact on the planet, people, and the fairness of its business practices (compensation, voting rights, etc.). Equinor (NYSE: EQNR) and NextEra Energy (NYSE: NEE) lead their respective industries in these categories. Here's what makes both companies great ESG stocks to buy right now.
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Source Fool.com