Does the market care about ethical investment? It depends
Washington regulators and corporate America are rushing to adopt new corporate environmental, social and governance (ESG) policies. Enthusiasts claim that these policies are both good business and good for the world. Whether the latter is true is a matter of opinion. Whether ESG policies are good for a company’s bottom line, however, has been the subject of several hundred peer-reviewed studies over the past four decades. And the answer is: It depends.
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