Investors Undeterred by Political Attacks on SOCIALLY RESPONSIBLE INVESTING

In March, the U.S. House and Senate passed a measure to change the rule back to a model where only financial factors can be considered. According to the Dow Jones survey, more than half of financial professionals (56%) say traditional ways of valuing companies are inadequate for assessing sustainabl...

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Bibliographic Details
Published in:Business NH Magazine 2023-05, Vol.40 (5), p.60-62
Main Author: Currie, Judi
Format: Article
Language:English
Subjects:
Asset management
Brand loyalty
Climate change
Financial analysis
Global economy
Investment policy
Politicians
Social investing
Social responsibility
Stockholders
Online Access:Get full text
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Summary:In March, the U.S. House and Senate passed a measure to change the rule back to a model where only financial factors can be considered. According to the Dow Jones survey, more than half of financial professionals (56%) say traditional ways of valuing companies are inadequate for assessing sustainable investments, believing that the quality of ESG data available today is not yet sufficient to make investment decisions (52%). "Ironically, even though many of the folks who are against ESG don't see this, it's only going to benefit corporations, helping increase shareholder value because [statistically] organizations that are really investing in diversity, equity and inclusion outperform their peers in EBIT [earnings before interest and taxes.]"B The politicians trying to stop [ESG] are about a decade behind the times. ¶¶ - Joe Keefe, Impax Asset Management
ISSN:1046-9575