Reuters Events and tax credit specialists Foss & Company have brought out a whitepaper advocating tax credit investing as a form of investment meeting environmental, social and governance (ESG) criteria.
You may access the whitepaper here.
Investing funds made available through tax credits is a major underused strategy but it “could enable companies to significantly boost their ESG performance and mitigate ESG related risks”, the two companies say in their whitepaper.
“By repurposing and redirecting a company’s estimated tax payments into qualified tax advantaged investments, companies can achieve triple bottom line results and fulfill their ESG commitments,” they say.
“Corporate and institutional investors inject well over $25 billion per year into the allocated tax credit market. While the amount is significant, it also suggests there are billions of dollars of tax capacity available that could be deployed for ESG impact in addition to financial performance,” Reuters Events and Foss say.
ESG investing had grown into a $30 trillion market globally by 2019, they say.
You may access the whitepaper here.
For more information about Reuters Events ESG investment projects, contact Dominic Crocott, head of ESG investment at Reuters Events, at dominic.grocott@thomsonreuters.com.
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