Behind the ball on the Environmental Social and Governance (ESG) front
1st Sept. 2020
The revolution sweeping the world of finance and investment stems primarily from the realisation that Environmental Social and Governance (ESG) factors affect the financial performance of companies.
By Barry Coates on Interest.co.nz
What’s holding back the responsible investment revolution in New Zealand? Research by the ethical investment charity, Mindful Money, shows momentum is growing but many investment fund providers are still missing the fundamental changes occurring in finance and investment. Their funds are earning lower financial returns because they are ignoring risks posed by issues such as climate change. Even worse, they are investing in companies that cause serious harm to people and the environment. This is a lose-lose strategy.