Democracy Before ESG
Institutional investors are increasingly applying environmental, social, and governance criteria in their portfolio decisions. Yet as important as these factors are, they pale in comparison to the question of whether a business is engaged in the dirty business of dark-money political influence.
https://prosyn.org/EqxN81y
CHICAGO – Amid growing concerns about climate change and social unrest, institutional investors are increasingly applying environmental, social, and governance criteria in their portfolio decisions. Yet while ESG factors are important for investors to consider, the new focus risks obscuring an even bigger issue: the role that corporations play in the democratic process.