“EU stocks with higher ESG scores significant enhanced returns. “We observe that, for EU firms, there is a significant negative relationship between the market value and the excess return, suggesting that smaller EU companies generate higher returns on average,” added thestudy.

In contrast, for US and other Asian firms there was a significant negative relationship between the ESG scores and excess returns. The authors said this could arguably be a result of less focus on sustainability in the US, leading to lower demand by investors than in the EU.”

[COMMENTARY] This is fascinating, though unsurprising research. I would like to see such studies peer-reviewed and published in reputable journals.
US Stocks With Higher ESG Scores Have Lower Returns, by Shanny Basar, August 27, 2020, Traders Magazine, USA.