(CNN Business)Making money is the lifeblood of Wall Street. Making the world a better place not so much.
Now that’s starting to change, as some of the biggest names in finance adjust their businesses to reflect growing demand for impact investments.
“It’s a $250 billion market and it’s growing fast,” said Michael Baldinger, a 30-year industry veteran who joined UBS (UBS) Asset Management as head of sustainable and impact investing — a new role — just over a year ago. “It might really be a game-changer for the finance industry.”