“Institutional owners are restricting lending of companies perceived as unsustainable, according to Travis Whitmore, senior quantitative researcher and head of securities finance research at State Street Associates.”
[COMMENTARY]This is another reason why ESG is growing fast. The ESG naysayers on the American right need an education on the profit imperative that ESG offers to companies when properly implemented. And that’s why high-ranking ESG companies find it easier to obtain funds.
It’s convenient to say ESG is a socialistic political policy but the truth is it is usually a means to enhance corporate profitability!
Low ranking ESG companies facing restricted lending, by Carmella Haswell, June 20, 2022, Securities Finance Times, UK.