Investors who used to feel guilty about having their retirement savings invested in pariah companies that did not reflect their values now have a choice. They can channel their investments into “ESG funds,” which supposedly focus on companies that stack up well against a list of Environmental, Social, and Governance criteria, and rest assured that the companies they own a stake in are environmentally responsible, operate according to high ethical standards, and act as responsible citizens of their communities.
Or can they?
Continue reading “ESG investing helps people choose investments that align with their values. It works… if those values include a disdain for social obligations and governance norms.”