We are now publishing ESG links on a monthly basis. You can check out the previous set of links including a look at the growing demand for ‘green bonds.’
Quote of the Day
"ESG [environmental, social, and governance factors] is becoming part of investors’ understanding of risks and opportunities for business, and the regular way in which they analyze companies."
(Tensie Whelan)
Management
- Andrew Ross Sorkin, "Make no mistake, it wasn’t shareholder democracy that created this new enlightened moment. Public outrage pushed this forward. So did anger in Washington and regulatory scrutiny that is finally coming to bear." (nytimes.com)
- The Business Roundtable has re-defined the "purpose of a corporation." (msn.com)
- Is the embrace of ESG just a cash grab by corporate managements? (finance.yahoo.com)
Guns
- What corporate America is doing about guns. (axios.com)
- How to find out if your mutual fund holds gun manufacturers. (morningstar.com)
Skepticism
- Cullen Roche, "I am all for investing morally, but I think it should be done in a way that we can maximize the impact and the fact is, the best place to enact change is in the real economy and not secondary markets." (pragcap.com)
- Does investing in a low-carbon portfolio actually do anything to reduce your carbon footprint? (klementoninvesting.substack.com)
- Investing with a conscience in a complicated world. (abnormalreturns.com)
ESG
- If you really believe in something, put your money where you mouth is. (bonefidewealth.com)
- Vanguard wants board to consider more than gender diversity. (wealthmanagement.com)
- Legacy asset managers want a piece of the ESG pie. (ft.com)
- Some companies are selling 'transition bonds' to help make investments to make their companies more sustainable. (bloomberg.com)
- ESG money market funds are now a thing. (ft.com)
- Thomas Hale, "Financial assets today play a greater-than-ever role in the provision of all kinds of services, so you’d expect them to play an increasing role in political pressure." (ftalphaville.ft.com)
