Impact investing, part 1: Money, meet morals

2024-12-26 14:22:36 source:lotradecoin crypto-to-crypto transactions category:Markets

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:Markets

Recommend

How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast

After 14 years, the police procedural "Blue Bloods" is coming to an end.Season 14 has been released

Olympics schedule today: Every event, time, competition at Paris Games for July 26

The 2024 Paris Olympic Games are in full swing with one of the biggest events of the games: the open

Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Torchbearers

There are spoilers ahead. You might want to solve today's puzzle before reading further! Torchbearer