How this ASX share is riding the rapid growth of ESG investing

While economic, social, governance (ESG) investing is nothing new, the rapid growth of this once niche sector certainly is.

Back in the 1950s, ESG went by the acronym SRI, which stands for socially responsible investing. It was born from investors’ desires not to support so-called sin shares. Mainly companies involved in alcohol, tobacco, gambling, or…gasp…adult entertainment.

In more recent years, as concerns have mounted over global pollution and large-scale environmental damage, the environmental angle has played a growing role, with energy shares increasingly finding themselves on the ESG blacklist.

But despite a sizeable basket of shares that are off limits, inflows into ESG themed exchange-traded funds (ETFs) are at…