Current:Home > BackImpact investing, part 1: Money, meet morals-LoTradeCoin
Impact investing, part 1: Money, meet morals
View Date:2024-12-23 19:48:50
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.
veryGood! (57)
Related
- How Jersey Shore's Sammi Sweetheart Giancola's Fiancé Justin May Supports Her on IVF Journey
- The path to Bed Bath & Beyond's downfall
- How Is the Jet Stream Connected to Simultaneous Heat Waves Across the Globe?
- Shoppers Say This Large Beach Blanket from Amazon is the Key to a Hassle-Free, Sand-Free Beach Day
- Skiing legend Lindsey Vonn ends retirement, plans to return to competition
- The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways
- McDonald's franchises face more than $200,000 in fines for child-labor law violations
- He's trying to fix the IRS and has $80 billion to play with. This is his plan
- Target will be closed on Thanksgiving: Here’s when stores open on Black Friday
- Little Miss Sunshine's Alan Arkin Dead at 89
Ranking
- Caitlin Clark has one goal for her LPGA pro-am debut: Don't hit anyone with a golf ball
- Scientists Are Pursuing Flood-Resistant Crops, Thanks to Climate-Induced Heavy Rains and Other Extreme Weather
- Pregnant Kourtney Kardashian Is Officially Hitting the Road as a Barker
- He's trying to fix the IRS and has $80 billion to play with. This is his plan
- 'SNL' stars jokingly declare support for Trump, Dana Carvey plays Elon Musk
- The dark side of the influencer industry
- Inside Clean Energy: For Offshore Wind Energy, Bigger is Much Cheaper
- Forecasters Tap High-Tech Tools as US Warns of Another Unusually Active Hurricane Season
Recommendation
-
What Just Happened to the Idea of Progress?
-
‘Last Gasp for Coal’ Saw Illinois Plants Crank up Emission-Spewing Production Last Year
-
Has JPMorgan Chase grown too large? A former White House economic adviser weighs in
-
Global Warming Drove a Deadly Burst of Indian Ocean Tropical Storms
-
Why Kathy Bates Decided Against Reconstruction Surgery After Double Mastectomy for Breast Cancer
-
California Considers ‘Carbon Farming’ As a Potential Climate Solution. Ardent Proponents, and Skeptics, Abound
-
Tucker Carlson ousted at Fox News following network's $787 million settlement
-
How to fight a squatting goat