This Week in ESG and Impact Investing

As the 2024 election season heats up, economic policy proposals are once again at the forefront of the national debate. Vice President Kamala Harris, widely recognized for her work in the Senate and in the White House, has introduced a comprehensive economic strategy known as " Kamalanomics ," built on principles of inclusive growth, social equity  and targeted investments in underserved communities. The debate on Tuesday between Harris, the Democratic presidential nominee, and former President Donald Trump, the Republican nominee, highlighted the stark contrast between their economic visions. Trump advocated for a return to his administration's focus on deregulation and tax cuts, while Harris championed her plan for inclusive growth and social equity. As the debate unfolded, Harris emphasized the need for targeted investments in underserved communities, framing these efforts as essential for a sustainable and equitable economic future. While this approach aims to reduce ...

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...