“Parnassus Investments, one of America’s oldest and most respected ESG boutiques, is adding once off-limits market segments such as oil and gas to its investment opportunity set, even as executives there warn that the hurdle for including such companies in its portfolios remains high.”

[COMMENTARY] I believe the approach by Parnassus on investment selection criteria is likely to be followed by many other ESG and sustainable investment managers. We need to encourage ‘dirty’ industries to become more oriented to ESG and sustainable operations. The type of action taken by Parnassus could help with that.
ESG screening is a complex business. Here’s how long-time ESG manager Parnassus is adapting, by Douglas Appell, August 19, 2024, Pensions&Investments, USA.