There are $8.4 trillion in U.S. assets under management in funds that prioritize environmental, social and governance (ESG) factors. This represents 13 percent – or 1 in 8 dollars of the total US assets under professional management. Globally, the value of assets engaged in sustainable investing is estimated at $41 trillion. It has grown rapidly and is projected to exceed $53 trillion by 2025, representing more than a third of the $140.5 trillion in projected total assets under management.

Given the rapid growth of this asset class, it is necessary for Congress to better understand and monitor this space so we can ensure robust investor protections while still preserving necessary market access. For that reason, we created the Congressional Sustainable Investment Caucus.

Sustainable investing is not a new concept. For over a decade, U.S. retail and institutional investors have considered ESG factors in their investment decisions.

Read more from Harvard Law School Forum on Corporate Governance.