5 Cheap ESG Stocks to Buy Now

In this article, we discuss 5 cheap ESG stocks to buy now. If you want to see more cheap ESG stocks, the risk/reward and methodology of this list, go directly to 10 Cheap ESG Stocks to Buy Now.

5. AbbVie Inc. (NYSE:ABBV)

Forward P/E as of 11/8: 12.72

Number of Hedge Fund Holders: 71

AbbVie Inc. (NYSE:ABBV) has an environmental goal of reducing its carbon emissions by 25% from its 2015 baseline and to reduce its waste created by its businesses. The company has also been very inclusive with 51% of its management positions held by women and AbbVie Inc. (NYSE:ABBV) has donated $1.2 million to disaster relief organizations in 2021 as well. AbbVie Inc. (NYSE:ABBV)’s CEO also added in a 2021 ESG Action Report,

We have a proven track record of developing new innovative medicines that have made a remarkable impact for patients and will continue to change lives for years to come. Since our inception, we have achieved more than 21 major product or indication approvals. Through our pipeline of promising therapies, we anticipate the potential approval of more than a dozen new products or major indications over the next two years. These important milestones have the potential to help millions of additional patients. In addition to our medicines, we continued to deliver on our commitment to society. Together with our nonprofit partners, we advanced health and educational opportunities for underserved communities through our philanthropic commitments and continued to address the impact of COVID-19 through humanitarian support and employee volunteering efforts.

As of 11/9, AbbVie Inc. (NYSE:ABBV) shares have rallied 9% as the market has become more confident on the company’s earnings potential for the future.