Sustainable Investing Works
It's about managing risk, not 'goodness.'
The grievances are legion lately: Perceived greenwashing in the fund industry is one. This week’s salvo came from Aswath Damodaran, a well-regarded New York University finance professor, who, in a widely read blog post, denounced environmental, social, and governance investing as “a mistake that will cost companies and investors money, while making the world worse off.”
Leslie Norton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.