There are a million things this power couple could have chosen to do with their money and instead they chose to make more money, ZeeshanAleem writes.
, in part because most people don’t actually know what investments they’re holding in their baskets of funds. And because ESG portfolios are guided by such a broad and inconsistent set of criteria , even ExxonMobil, a major oil company,There’s one clear reason they’d get into finance: to make money, and lots of it.
And while Harry may think these investments involve"voting" with one’s dollars about company behavior, some experts say that’s not actually what's happening. Lisa Sachs, who heads Columbia University’s Center on Sustainable Investment, told me that an ESG fund does “not change the problematic practices in our economy; it just allows an investor to build a portfolio that they’re more comfortable with.
The issue, she pointed out, is that when an ESG portfolio divests from any given company, another investor will simply snap up those assets.
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