Both ESG 1.0 and ESG 2.0

Pensions and other stewards of an evergreen trust are a new form of INVESTOR.

Evergreen investing is a new form of INVESTMENT.

That gives us two forms of investor: time-limted and evergreen.

It gives us two forms of investment: the default form of securities trading, and the new form of evergreen investing.

The new form of evergreen investing gives the new form of evergreen investor more choice. They can use the old form of securities trading, and they can also choose the new form of evergreen investing.

The default form of securities trading is purpose-built to provide the liquidity required by time-limited investors, so they can buy when they can, and sell when they need to.

The new form of evergreen investing is purpose-built to provide longevity to evergreen investors, so they can participate directly in wealth creation matching cash inflows from sponsored enterprises to cash outflows to their entrusted beneficiaries.

The original form of ESG 1.0 works with the default form of securities trading, increasing disclosure in support of stock selection and shareholder activism.

The new form of ESG 2.0 works with the new form of evergreen investing, fusing stewardship values with time-tested equity payback structures common in real estate and other cash-flow-oriented investments.

Together, they are a complete solution.