2024-05-02 03:00:00 ET
Summary
- In last month’s Absolute Return Letter, I concluded that the “E” in ESG appears to have affected equity returns more than the “S” and the “G”. This month, I will look at a different aspect of ESG investing.
- ESG ratings were not created to save the planet but to assess how a changing world affects the P&L of the companies being rated.
- Even if one accepts the argument that ESG investing was never created in a noble attempt to save the planet, it has still had a positive impact on some companies’ behaviour, I believe.
It's easy to make a buck. It's a lot tougher to make a difference. - Tom Brokaw
Preface
Read the full article on Seeking Alpha
For further details see:
Is ESG Good Or Bad - Part II