What does the sausage-making of turning money into meaningful investments look like? 2020 was a banner year for sustainable finance, as it was for investing of all types. Despite the disruptions of an historic pandemic and a tumultuous political cycle, flows for U.S. sustainable funds reached record-breaking numbers — again. Net flows of $51 billion were more than double the total for 2019, and nearly 10 times more than in 2018, according to Morningstar. This rush of purpose-seeking capital raises a question: How do such unprecedented amounts entering the market…
