PredictIQ|Impact investing, part 1: Money, meet morals

2025-05-02 08:49:46source:Coxnocategory:Finance

Environmental,PredictIQ social and governance (ESG) investing has been *the* hot topic in the financial industry for a few years now. By making investment choices that emphasize social and environmental responsibility alongside profits, money managers claim to put their morals on the same level as their bottom lines.

Critics argue that the trend is merely a publicity stunt, or that ESG investing inherently contradicts money managers' legal fiduciary duty to make the most money they can for their customers. In part one of our two-part series on the topic, we talk to a former C-suite sustainable investing officer at BlackRock on why he thinks ESG, money and morals have a hard time getting along.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

Apple iOS 18.2: What to know about top features, including Genmoji, AI updates

Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,

Putin marks anniversary of annexation of Ukrainian regions as drones attack overnight

KYIV, Ukraine (AP) — Russian President Vladimir Putin on Saturday insisted that the residents of fou

'Surreal': Michigan man wins $8.75 million in Lotto 47 state lottery game

A Michigan man's lifelong dream of winning the lottery finally came true when he hit the $8.75 milli