Kiplinger ESG 20: Our Favorite ESG Stock and Fund Picks for Investors

Doing good and making money are no contradiction with these ESG stock and fund picks that ride the trend of socially conscious investing.

hand holding small green piggy bank in field of tall grass
(Image credit: Getty Images)

It has been a challenging run for ESG investing, or investing with an eye toward environmental, social and corporate governance issues. After years of booming growth, U.S. investors in 2022 started pulling money out of funds billing themselves as environmentally or socially aware, with a total net outflow of $7 billion in the 12 months ending July 31, 2023, according to fund data company Lipper

Republican leaders in Texas and Florida pulled state funds out of BlackRock (BLK), the nation's largest money manager, for its support of ESG investing. And BlackRock rewrote much of its promotional material to replace the term ESG with words such as sustainability. Also in 2023, major brands such as Target (TGT) and Anheuser-Busch InBev's (BUD) Budweiser suffered sales drops due to backlashes from consumers upset at promotions highlighting gay and transgender communities. 

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.

With contributions from
  • Senior Associate Editor, Kiplinger's Personal Finance