Republican politicians are trying to penalize Wall Street investors who consider environmental, social, and governance (ESG) issues when they decide where to put clients' money. Here are your questions about ESG, answered.
, urging shareholders to press fossil fuel executives to be transparent about their plans for the future.for fossil fuel companies to borrow money in recent years, reflecting the risks those companies face from climate change, says Tensie Whelan, director of New York University's Stern Center for Sustainable Business.
That doesn't mean proponents of ESG investing think it's being done perfectly. ESG disclosures vary from company to company. Ratings agencies that assess the data use proprietary methods, making it hard for investors to know how firms reach their conclusions. And there is growing concern that some asset managers are slapping ESG labels on funds that don't deserve them.
ESG is different from impact investing, where the goal is to make money by investing in companies that are trying to achieve certain social or environmental outcomes, such as building renewable energy projects like this solar farm in California.ESG is different from impact investing, where the goal is to make money by investing in companies that are trying to achieve certain social or environmental outcomes, such as building renewable energy projects like this solar farm in California.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How ESG investing got tangled up in America's culture warsAmid Republican attacks, investors focused on environmental, social and governance (ESG) issues say they are just trying understand emerging risks and opportunities.
Read more »
Mortuary schools see jump in enrollment amid funeral industry worker shortage'The shortage is so serious right now that there's a 90% job placement rate for graduates of these programs,' one program director said.
Read more »
Surveillance video shows man breaking into Chicago lakefront restaurant amid rash of burglariesThe Chicago Police Department is warning lakefront restaurants and food stands about recent burglary incidents near Museum Campus.
Read more »
Chicago weather: Flood Watch in effect for much of Chicago area amid heavy rain | LIVE radarCity officials say their 311 call center is experiencing a high volume of calls due to the heavy rain and encourage residents to submit reports of flooding online.
Read more »
'Barbarian' is top film amid late-summer box office doldrumsLOS ANGELES (AP) — The horror film “Barbarian” won the weekend by bringing in $10 million, according to studio estimates Sunday, as the late-summer doldrums at the box office continued. Director Zach Cregger's debut from Disney's 20th Century Studios premiered at San Diego Comic-Con in July and opened Friday on 2,340 screens.
Read more »