Big money is turning its back on companies that don't stick to a simple idea… Sustainability.
And it's driving one of the largest capital transfers the world has ever seen.
In fact, within a year, 77% of institutional investors will stop buying from companies that are not, in some way, sustainable.
And the new king of Wall Street is leading the charge.
Investment fund BlackRock, with more than $ 7 trillion in assets under management, says its clients will double their investments based on environment, sustainability, and governance (ESG) criteria in just five years.
Money managers on the streets say climate change is their main concern. And a "main criterion" to determine where they put their money to work.
Sustainable assets already represent $ 17.1 trillion, but there could be as much as $ 120 trillion at stake.
And that's exactly why sustainable stocks are outpacing the market.
They're the new go-to investment, but they could be a lot better than gold. This sector is a safe haven because the road to sustainability is long. And it's not just about Big Money's downside protection against ESG-related risks, many are money makers.
While the so-called "Big Money" is busy scrambling to find a place to park this $ 120 trillion at stake, it might be looking for something like Facedrive, a next-generation technology, a multi-vertical company with an ESG-focused portfolio that has just made a big hit with the acquisition of Washington, DC-based Steer, a high-end EV subscription service that plans to put even more EVs on the road - and even changes the way we think about owning an automobile completely.
And this isn't the only vertical linking Facedrive to a multi-billion dollar industry.
It is 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 food delivery of US $ 26 billion.
From the world's first carbon offset ridesharing platform to an electric vehicle subscription service, Facedrive is rethinking the entire concept of car ownership. And ESG investors love it.
And his motto of "people and planet first" fits perfectly with the new kings of Wall Street.
Today's institutional investor seeks 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 it. Investors have had enough financial losses from the scandal. And they trust that anyone who isn't paying attention to the weather risks a lot in the end.
Covid-19 has accelerated that even further, with PwC noting that “public awareness of ESG-related risks has catapulted climate change and sustainability to the top of the global agenda” and that Covid-19 has brought “the real-life impacts of overlooking ESG factors in highlighting ”.
And that's why BlackRock CEO Larry Fink says that "consciousness is changing rapidly and I believe we are on the brink of a fundamental reshaping of finance.
That's a multi-million dollar finance makeover. And this is exactly where Facedrive rises to the plate, and where giants like Uber and Lyft failed.
Uber and Lyft completely disrupted the century-old taxi dynasty but ignored the growing trend towards sustainability.
They created more pollution than they displaced and, in terms of governance, they spent most of their time clashing with local authorities and their own drivers.
Facedrive saw the gaps and created a roadmap for the future of ridesharing. It was the first to offer passengers a selection of electric and hybrid vehicles and the first to plant trees to offset its carbon footprint. It is the first carbon offset offering in this space.
But that was only the start:
When you combine the $ 5 trillion global transportation industry with an energy industry whose renewables sector is growing dramatically, you land one of the most lucrative marriages in the industry yet.
Facedrive's Steer, backed by an Exelon subsidiary, is planning the biggest disruption the private auto industry has seen in decades.
In its plan to revolutionize the automotive industry, Steer offers seamless and seamless technology that gives subscribers access to their own virtual garage of low-emission electric vehicles and vehicles.
For Facedrive, the deal includes a strategic investment of $ 2 million by Exelon's wholly owned subsidiary, Exelorate Enterprises, LLC.
And so far, it's taking advantage of the massive tailwinds of the electric vehicle industry itself and of Tesla's incredible boom.
So far this year (YTD) Facedrive shares have risen 280%, thanks to the large catalysts that were arriving quickly ...
Five major acquisitions in five months
Almost every month there is a new acquisition or collaboration for Facedrive, and no industry is off limits as long as it is technology-driven and in line with the 'impact investing' megatrend.
In September, it was Steer, a huge movement backed by an energy giant.
In August, it was the star-studded acquisition of Tally Technologies, the high-tech major league sports prediction startup founded by NFL superstar Russell Wilson and funded by global tech leaders.
Tally Technologies plans to increase the appeal of major league sports with "gamification" and online fan engagement.
Gamified for maximum fan engagement, major league sports apps will now be free and predictive.
That means new revenue potential for major league sports, which is exactly why Tally has already been chosen by the NFL, NHL and NBA as a top-tier tech solution.
And there is much more. Its evolution is a matter of high-level celebrities and a lot of money. Tally grew out of TraceMe, a celebrity content app founded by Wilson with early investors from the world's largest tech companies and acquired by Nike last year.
In July, Facedrive broke into another space: the rapidly growing food delivery business that is now being defined by merger mania.
Facedrive acquired assets of Foodora Canada, until then a subsidiary of the global giant Delivery Hero, along with 5,500 restaurant associations and hundreds of thousands of active members.
Facedrive Foods now operates in 19 cities in Canada, with an eye to expanding into the US markets in the near future.
That same month, Facedrive launched TraceScan, the Covid-19 tracking app that positioned itself at the top of this field with next-generation Covid contact tracking with a huge competitive advantage because it includes wearable devices.
That fact has led to an interest in the government realm where simple smartphone contact tracing isn't enough, particularly for the construction industry or underserved medical workers, teachers, and seniors who don't always have access to their phones and run. a high risk of infection. TraceSCAN wearables began shipping on September 10.
The summer also saw Facedrive launch its own Marketplace, including an exclusive line of branded clothing shared by company partner Will Smith and his Bel Air Athletics label.
And the arrival of names has spread to Will Smith, Jada Pinkett Smith, and Russell Wilson.
It also included Amazon itself and Canadian telecoms giant Telus, who were added to Facedrive's Corporate Partnership Program in June.
Both Amazon and Telus will get corporate pricing and services from Facedrive's carbon offset food delivery and ride-sharing platform.
Follow the money
The biggest names on Wall Street are shifting their capital, in bulk, and these are the ESG verticals they are looking for.
Fidelity has called 2020 an "excellent year for sustainable investing."
Although ESG is nothing new, Covid-19 helped turn what was a "relatively niche strategy" into "one of the most important developments in the investment landscape in recent memory."
Retail investors may be looking at who will recover first once the Covid-19 dust settles, but big money will be looking at who did not need to recover.
They will look at stocks like Facedrive, where the flow of transactions is as fast as the trillion-dollar megatrend itself.
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