What’s wrong with ESG Investing? — Market Mad House
Ethical people need to be skeptical of Environmental, Social and Governance Investing (ESG) or ESG Investing.
In theory, ESG investors only buy companies with high ethical standards. For example, companies that do not burn fossil fuels, abuse or exploit customers, or mistreat employees.
However, many ESG funds and recommendations contain companies that engage in unethical practices. For example, the Xtrackers MSCI USA ESG Leaders Equity (USSG) ETF contains Johnson & Johnson (NYSE: JNJ) and the Walt Disney Company…