Source: EENews.com
The story of how ESG investing began is almost as wonky as its name.
The intent of Environmental, Social and Governance, or ESG, investing wasn’t to bring “woke capitalism” to Wall Street, its early proponents say.
Rather, ESG was designed to be another useful metric to help investors assess the health and future profitability of a company. If a company is too heavily invested in coal operations, for example, it’s probably not going to do well long-term in a global economy that’s cracking down on the dirty fuel.
Of course, ESG investing now is much, much more than that.
Continue reading “They Helped Create ESG. Two Decades Later, Some See a Mess – EENews 7/26/22”