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This is great! I applaud this effort. Let everyone back their beliefs and principles with their own money.
by balozi 7y ago
This is great! I applaud this effort. Let everyone back their beliefs and principles with their own money.
- dgudkov 7y agoI doubt it's about backing beliefs and principles with money. It's probably more about admitting increased risks of losing money as a result of public shaming campaigns (sometimes reasonable, sometimes not) by vocal minority. And of course, the corporate PR disguises such dumping stocks as a virtue.
- floki999 7y agoI dont quite agree. While this is certainly a secondary factor, which a portfolio manager will worry about (i.e. a stock tanking due to bad press or negative ESG ranking), investment committees which develop responsible investing policies are guided by guenuine principles. It’s a multi-dimensional problem and the challenge is of course that these dimensions sometimes counter each-other and result in feedback loops. The is what makes a market, however, the sheer size of large institutional (and sovereign) investment funds will, in the long run, run over marginal players in terms of impact.