ESG investment favours tax-avoiding tech companies.

ESG investment favours tax-avoiding tech companies.

“The huge rise in environmental, social and governance-based investing is funnelling money into companies that pay less tax and provide fewer jobs than many counterparts with lower ESG ratings, analysis shows.”

[COMMENTARY] ironically, a high percentage of most ESG portfolios consist of companies who pay the least in taxes and are the most expert in tax avoidance. Most ESG investors are likely ignorant of this situation as well. Will it change their portfolio holdings if they knew the true tax situation of the companies they invest in? Probably not for most of them.
ESG investment favours tax-avoiding tech companies, by Steve Johnson, February 22, 2021, Financial Times, UK.

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