NO 'RHYME OR REASON': Expert explains why ESG investing is easier said than done
FOX Business senior correspondent Charlie Gasparino details the Republican pushback to Wall Street's environmental, social and corporate governance strategy on"Cavuto: Coast to Coast."
, pollution or deforestation. Environmental factors may also analyze what risks the company faces from the environment, such as hurricanes or global warming. The subjective element of ESG makes it difficult to give out ratings, Kupiec added. "That’s not a good thing, because people are going to be making investment choices based off these ESG ratings, which are all over the place," he said. "There’s no rhyme or reason to some of these ratings, yet the firms that invest based on them are picking and choosing investments based on this criterion that is not well defined or well measured.
The popularity of ESG investing is a "recent bubble," Allen Mendenhall, Associate Dean and Grady Rosier Professor at Troy University’s Sorrell College of Business, told Fox Business. However, he added, ESG’s long-term prospects are "probably bleak."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock not ESG enough for NYC, comptroller saysNew York City is threatening investment giant BlackRock, saying the firm has not followed through with its commitment to fight climate change with ESG.
Read more »
Rachel Carson Helped Launch the Environmental Movement With ‘Silent Spring’: Taking Stock After 60 Years - Women’s Media CenterIn 1962, the Environmental Protection Agency did not yet exist, there was little public awareness about environmental issues, and corporate polluters practiced unfettered use of pesticides with little regulation.
Read more »
BlackRock not ESG enough for NYC, comptroller saysNew York City is threatening investment giant BlackRock, saying the firm has not followed through with its commitment to fight climate change with ESG.
Read more »
Empty wine and liquor bottles will be worth 10 cents each in California, under new recycling lawNewsom signs measure environmental groups have urged since 1980s to reduce litter
Read more »
Steve Cohen-Backed Firm Invests $10M in Web3 Game Marketplace AQUADIGITAL, an investment firm backed by hedge fund billionaire StevenACohen2, invested $10 million in Web3 in-game asset marketplace aquadotxyz. BrandyBetz reports
Read more »
3 Cognitive Errors That Can Lead to RuminationDo you tend to replay events in your mind, getting more and more worked up? Understanding your triggers can help you avoid ruminating. Here's where to start, by DrAliceBoyes
Read more »