July 26, 2024・Original Analysis
The False Promise of ESG Funds: Why They Fail Investors
While ESG investing promises both financial returns and societal benefits, it often fails massively on both fronts.
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While ESG investing promises both financial returns and societal benefits, it often fails massively on both fronts.
ESG, or “Environment, Social, and Governance,” is the new feel-good buzzword in the halls of global corporations and megabanks. It’s a PR push to cloak morally disastrous firms in a veneer of social and environmental responsibility — lip service — but at the end of the day, I believe the market will speak.