While powerful asset managers, such as BlackRock, are pressuring companies to cater to liberal environmental, social and governance (ESG) agendas, a new analysis finds that companies that aren’t influenced by politics outperform those that are.
In a Wall Street Journal commentary, “Is ESG Profitable? The Numbers Don’t Lie,” veteran investment industry experts Mike Edleson and Andy Puzder present the findings of their study of the effect of ESG politics on company fortunes.
The study uses a ratings firm’s five-point sale (1 = most liberal, 5 = most conservative) scoring of U.S. large and midcap companies’ social and political involvement regarding the following six issues:
From CNSNews - READ ORIGINAL
Some media, including videos, may only be available to view at the original.