The Forum for Sustainable and Responsible Investment released its tenth biannual report on what it labels the “sustainable, responsible and impact investing sector.” The report identified place-based investing, largely by public funds directing investment into their city or state, “as a new trend, accounting for nearly $90 billion in assets.” Additionally, the use of environmental, social and governance criteria by institutional investors, once a small market niche, now covers over $4 trillion in market assets, representing a four-fold increase from 2012 to 2014 alone.