“In a just-published series of critical articles in The Wall Street Journal, columnist James Mackintosh outlines the ‘failed promise’ of ESG investing and describes it as ‘absurd’ to claim that investments in green bonds deliver higher yields.
He also warns that ‘bubbles’ in sustainable investing can ‘sink your portfolio’ and lectures that investors who think they can both save the world and make a profit need to go back to basics. His conclusion: ‘These investments don’t do much to make the world a better place.'”
[COMMENTARY]Mr. Howell reviews James Mackintosh’s WSJ article and provides great insight into the pros and cons of ESG investing. Nonetheless, Mr. Mackingtosh’s article can only be seen as a ‘hit’ job on the ESG approach.
The failed promise of ESG and the Wall Street Journal, by John Howell, March 9, 2022, GreenBiz, USA.