Institutional Investor (August 23)
2023/ 08/ 23 by jd in Global News
“Proponents and critics of ESG claim it can change society. Both will be disappointed.” During the past five years, ESG investing has taken off. “By the end of 2022, global ESG funds had attracted more than $2.5 trillion in assets.” Regardless of this clout and “whether or not asset managers are ‘woke,’ ESG doesn’t hurt oil companies or provide capital for solutions to avoid the worst impacts of climate change.”
Tags: $2.5 trillion, Asset managers, Assets, Capital, Change, Climate change, Critics, Disappointed, ESG investing, Impacts, Oil companies, Proponents, Society, Woke
