Conservatives vs. ESG
Robert Netzly is an Evangelical Christian trying to realize his values and stay true to his own beliefs while working in investing – and he personifies a bigger war going on in the investment world and American politics over a little acronym called ESG. In the last year, there’s been a Republican backlash to the trillions of dollars committed to investing practices that take environmental, social, and governance concerns (such as climate change and gender inequalities) into account. Saijel Kishan is an ESG reporter for Bloomberg News, and she wrote a fascinating piece last fall called “What Would Jesus Buy: Investor Charts Course for $2 Billion Fund.” In today’s special episode of Crash Course, she shares more of that story, which is a tale of two conflicts, in a way. Should there be biases in the investing world, be it faith-based or social activism? And should ESG exist at all?
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