The point of companies are to make money. As a shareholder in a company, I want to see increased valuations, good free cash flow metrics, and an increasing dividend.
The article is right in a way - ESG is infecting companies.
I do not want a company I invest in to "weigh in" on political issues [1]. I do not want to see banks put in racial quotas in order to get preferred rates [1]. I do not want to see a 'restorative decolonial' approach to ESG in companies [2].
For gods sake, I do not want laws to change to remove a companies requirement of a fiduciary duty so they can adopt more esg goals [3].
When did saying "I invest in a company for profit related reasons" turn into such a big boogey man.
The article is right in a way - ESG is infecting companies.
I do not want a company I invest in to "weigh in" on political issues [1]. I do not want to see banks put in racial quotas in order to get preferred rates [1]. I do not want to see a 'restorative decolonial' approach to ESG in companies [2].
For gods sake, I do not want laws to change to remove a companies requirement of a fiduciary duty so they can adopt more esg goals [3].
When did saying "I invest in a company for profit related reasons" turn into such a big boogey man.
[1] - https://corpgov.law.harvard.edu/2020/06/17/using-esg-tools-t...
[2] - https://www.linkedin.com/pulse/anti-racism-esg-just-might-sa...
[3] - https://www.esginvestor.net/reforms-needed-to-free-investors...