Thanks for shedding some light on the shortcomings of ESG funds and impact investing. It’s not surprising to hear that the former does little to bring about true social responsibility in the corporate realm and that the latter is perhaps not as impactful as promised. Your piece leaves me wondering, however, whether either or both these investment options “work” to serve any lesser purpose for those who chose to invest in the market, at least until we succeed in changing the rules. For instance, how do you suggest people invest their money in hope of earning some return while also contributing positively to society?
Thanks for shedding some light on the shortcomings of ESG funds and impact investing. It’s not surprising to hear that the former does little to bring about true social responsibility in the corporate realm and that the latter is perhaps not as impactful as promised. Your piece leaves me wondering, however, whether either or both these investment options “work” to serve any lesser purpose for those who chose to invest in the market, at least until we succeed in changing the rules. For instance, how do you suggest people invest their money in hope of earning some return while also contributing positively to society?