I recently flagged a post by Aswath Damodaran on his “Musings on Markets” blog which offered a sceptical perspective on the claims being made in favour of ESG based investing.
The Knowledge at Wharton website has a summary of some research that offers another perspective on ESG and Socially Responsible investment approaches. The research is described as providing “… a theoretical framework for how ESG (environmental, social and governance) investing affects stock prices and corporate behavior.”
The research paper is behind a paywall but you can find the Knowledge at Wharton summary here – knowledge.wharton.upenn.edu/article/esg-investors-happy-settle-lower-returns/
Tony – From the Outside
