Impact investing, part 1: Money, meet morals

2024-12-25 02:33:00 source: category:Stocks

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:Stocks

Recommend

Trump is likely to name a loyalist as Pentagon chief after tumultuous first term

WASHINGTON (AP) — President-elect Donald Trump’s choice for defense secretary is still up in the air

Former Indiana sheriff gets 12 years for spending funds on travel and gifts

JEFFERSONVILLE, Ind. (AP) — A former southern Indiana sheriff has been sentenced to 12 years in pris

Liam Gallagher reacts to 'SNL' Oasis skit: 'Are they meant to be comedians'

Oasis frontman Liam Gallagher isn't laughing after "Saturday Night Live" poked fun at his legendary