Date: November 13th, 2020

Subject: The Biden Presidency and its implications on Impact Investing

MLA Citation:

Investors News, 10 Nov. 2020, investorsnews.net/2020/11/10/what-a-joe-biden-presidency-means-for-capitalism-esg-investing-and-the-american-worker-according-to-a-leading-expert-on-the-economy/.

For this week’s research assessment, I decided to explore the real-world once again, as I took a dive into our economy and how it is influenced by major events, namely the U.S. presidential election. As our leadership still hangs in a standstill with Joe Biden, the democratic candidate, seeming as the apparent president-elect, a change in the government would mean a shift in policy as well. With this current event, this research assessment was an amazing opportunity to apply what I have been learning in the field of impact investing to the real-world, as governmental policy changes may pivot the future of the ESG field. As American business leaders agreed upon a document that stated business is not only about investors but also about caring for all stakeholders, it is exciting the see the trajectory of this field and how modern politics could influence this trajectory.

The most enlightening part of this assessment was studying the renewed role of private businesses as stewards of society and changemakers within our communities. As the 2019 Business Roundtable provided a new meaning for the work of private businesses rather than simply satisfying investors by making a profit, there was enacted a social revolution among business that converted them into forerunners in alleviating social issues. As the conference transformed business to “serve all members of society,” it was fascinating to explore a new role of companies in which they promote worker inclusion and work hand-in-hand with the government to acts as a welfare state, aiding public institutions solve problems such as air pollution and systemic racism. Through this transformation, businesses could not only reap the benefits of profits as their brand value would increase, but they would make positive social impact as well through a cohesive effort.

Another aspect I learned from this research assessment is the potential growth the field I am entering could have and how I would be at the forefront of a revolution of the finance and business world upon entering the workforce. This trend has gotten me overly excited for the future as there is a massive trend towards doing social good and serving stakeholders as much as investors. With impact investing as a tool to elevate this impact, my specialization within this field could help me lead groups and teams that drive the future of this field and potentially this shift towards a positive social vision rather that profit-hunting.

Lastly, upon reflection, this was an incredibly unique assessment as I was able to analyze trends within the field of finance and explore how changing political agendas or social tensions can significantly shift the trajectory of this field. Observing strictly from an economic point of view, I look forward to the Biden presidency as its emphasis on renewable energy and futuristic social solutions could inspire immense growth within impact investing and social ventures.

In conclusion, I am excited at the growing ideas that I am innovating for my ISM journey this year and believe I have taken a very important step to combine my strong work ethic and personality with skills of absorbing information and applying that to other parts of my research. Ultimately, I look forward to the near future within the ISM program as I complete my Original Work and to the future, as I plan to lead a new breed of the financial workforce.