5 Best ESG Stocks to Buy Now

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In this article, we discuss the 5 best ESG stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best ESG Stocks to Buy Now.

5. Salesforce.com,  Inc. (NYSE: CRM)

Number of Hedge Fund Holders: 91  

Salesforce.com,  Inc. (NYSE: CRM) stock has offered investors returns exceeding 28% over the course of the past twelve months. It is ranked fifth on our list of 10 best ESG stocks to buy now. The company markets enterprise-level cloud computing solutions, primarily for client management. The New York-based finance firm, MSCI, has a AAA ESG rating on the cloud computing firm. 

On June 29, Salesforce.com,  Inc. (NYSE: CRM) announced that it was planning to raise money through a debt sale in order to help the firm pay for the purchase of work-related software firm Slack Technologies. The firm had purchased Slack for over $27 billion late last year. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Salesforce.com,  Inc. (NYSE: CRM)  with 12.9 million shares worth more than $2.7 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com,  Inc. (NYSE: CRM) was one of them. Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”

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