Nobel laureate economist Robert Shiller: “We don’t know, but it is possible that in the long run, businesses with better ESG scores will also make more profits. This seems counterintuitive, but it can happen. If it brings better, more idealistic people in as managers, and they anticipate problems caused by the environment in the future and deal with it today.”
[COMMENTARY] Considering the anti-ESG backlash, I thought this comment by a leading analyst in the investment industry was worth noting.
ESG investing, narrative economics and CAPE ratio, by Bayani S. Cruz, July 14, 2023, UK.