Spencer Pratt/Getty Images
Spencer Pratt/Getty Images
Environmental, social and governance (ESG) investments*of* A hot topic in the financial industry in recent years. By making investment choices that emphasize social and environmental responsibility along with profit, money managers claim to put their morale on the same level as their bottom line.
Critics say the trend is merely a hype or that ESG investing is inherently inconsistent with asset managers’ legal fiduciary responsibilities to obtain as much return as possible for their clients. claim. In Part 1 of his two-part series on the topic, he talks to BlackRock’s former C-Suite Sustainable Investment Officer about why he thinks ESG, money, and morals are going awry.
music drop electricFind us: twitter / Facebook / Newsletter.
subscribe to our show Apple podcasts, Spotify, pocket cast When NPR One.
For unsponsored episodes of Planet Money’s The Indicator, visit Apple Podcasts or plus.npr.org.
