Current:Home > StocksImpact investing, part 1: Money, meet morals-Angel Dreamer Wealth Society D1 Reviews & Insights
Impact investing, part 1: Money, meet morals
View Date:2024-12-25 00:16:35
Environmental, social and governance (ESG) investing has been *the* hot topic in the financial industry for a few years now. By making investment choices that emphasize social and environmental responsibility alongside profits, money managers claim to put their morals on the same level as their bottom lines.
Critics argue that the trend is merely a publicity stunt, or that ESG investing inherently contradicts money managers' legal fiduciary duty to make the most money they can for their customers. In part one of our two-part series on the topic, we talk to a former C-suite sustainable investing officer at BlackRock on why he thinks ESG, money and morals have a hard time getting along.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (38)
Related
- Olivia Munn began randomly drug testing John Mulaney during her first pregnancy
- Congress Extends Tax Breaks for Clean Energy — and Carbon Capture
- Fearing Oil Spills, Tribe Sues to Get a Major Pipeline Removed from Its Land
- What are red flag laws — and do they work in preventing gun violence?
- Man jailed after Tuskegee University shooting says he fired his gun, but denies shooting at anyone
- Unpacking All the Drama Swirling Around The Idol
- Semi-truck driver was actively using TikTok just before fiery Arizona car crash that killed 5, officials say
- Exxon Accused of Pressuring Witnesses in Climate Fraud Case
- Threat closes Spokane City Hall and cancels council meeting in Washington state
- You Might’ve Missed This Euphoria Star’s Cameo on The Idol Premiere
Ranking
- Detroit Mayor Mike Duggan says next year will be his last in office; mum on his plans afterward
- Inside the RHONJ Reunion Fight Between Teresa Giudice, Melissa Gorga That Nearly Broke Andy Cohen
- North Dakota colleges say Minnesota's free tuition plan catastrophic for the state
- The Real Reason Kellyanne Conway's 18-Year-Old Daughter Claudia Joined Playboy
- Kirk Herbstreit berates LSU fans throwing trash vs Alabama: 'Enough is enough, clowns'
- You Might’ve Missed This Euphoria Star’s Cameo on The Idol Premiere
- Mom influencer Katie Sorensen sentenced to jail for falsely claiming couple tried to kidnap her kids at a crafts store
- House Votes to Block Trump from Using Clean Energy Funds to Back Fossil Fuels Project
Recommendation
-
Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
-
General Hospital's Jack and Kristina Wagner Honor Son Harrison on First Anniversary of His Death
-
Air Monitoring Reveals Troubling Benzene Spikes Officials Don’t Fully Understand
-
Here's how each Supreme Court justice voted to decide the affirmative action cases
-
Craig Melvin replacing Hoda Kotb as 'Today' show co-anchor with Savannah Guthrie
-
Overdose deaths from fentanyl combined with xylazine surge in some states, CDC reports
-
Migrant boat disaster: What to know about the tragedy off the coast of Greece
-
Power Giant AEP Talks Up Clean Energy, but Coal Is Still King in Its Portfolio