The Hottest Trend in Investing Is Mostly a Sham
https://www.theatlantic.com/ideas/archive/2023/05/esg-woke-investing-trend-reality/674197/
ESG, which stands for “environmental, social, and governance,” purports to allow investors to put their money into companies that care about not just their bottom line, but their impact on the world. ESG has been one of the hottest trends in investing over the past five years. There are now numerous ESG indexes and hundreds of ESG funds, including from the biggest institutional investors, that collectively have garnered trillions of dollars in assets.
https://www.theatlantic.com/ideas/archive/2023/05/esg-woke-investing-trend-reality/674197/
ESG, which stands for “environmental, social, and governance,” purports to allow investors to put their money into companies that care about not just their bottom line, but their impact on the world. ESG has been one of the hottest trends in investing over the past five years. There are now numerous ESG indexes and hundreds of ESG funds, including from the biggest institutional investors, that collectively have garnered trillions of dollars in assets.