Diamond Ridge Asset Management-Impact investing, part 1: Money, meet morals

2025-05-08 07:23:36source:SignalHub Quantitative Think Tank Centercategory:Markets

Environmental,Diamond Ridge Asset Management 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.

More:Markets

Recommend

Anthony Anderson Shares Gout Diagnosis From Eating Too Much Shellfish

Anthony Andersonis getting candid on an unusual health scare.TheBlack-ishstar shared that he was dia

Los Angeles Chargers defeat Las Vegas Raiders in Jim Harbaugh's coaching debut with team

INGLEWOOD, Calif. — It wasn’t pretty in the first half but Jim Harbaugh’s Los Angeles Chargers are 1

‘I’m living a lie': On the streets of a Colorado city, pregnant migrants struggle to survive

AURORA, Colo. (AP) — She was eight months pregnant when she was forced to leave her Denver homeless