Impact investing, part 1: Money, meet morals

2024-12-24 07:02:50 source: category:My

Environmental, social and governance (ESG) investing has been *the* hot topic in the financial industry for a few years now. By making investment choices that emphasize social and environmental responsibility alongside profits, money managers claim to put their morals on the same level as their bottom lines.

Critics argue that the trend is merely a publicity stunt, or that ESG investing inherently contradicts money managers' legal fiduciary duty to make the most money they can for their customers. In part one of our two-part series on the topic, we talk to a former C-suite sustainable investing officer at BlackRock on why he thinks ESG, money and morals have a hard time getting along.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:My

Recommend

NCT DREAM enters the 'DREAMSCAPE': Members on new album, its concept and songwriting

For NCT DREAM, the concept of dreams and a sense of youthful optimism have been woven throughout the

How will NASA get Boeing Starliner astronauts back to Earth? Decision expected soon

The news conference, which will be televised and livestreamed, will take place about one hour after

JD Vance said Tim Walz lied about IVF. What to know about IVF and IUI.

JD Vance is accusing Tim Walz of lying about using in-vitro fertilization, or IVF, to have children