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ESG Investing for Public Pensions: Does It Add Financial Value? (PDF)
Institute for Pension Fund Integrity [IPFI]
[Opinion] Sept. 25, 2018 10 pages. "ESG investment measures have become increasingly politicized through institutional investors and pension funds' growing reliance on proxy advisory firms. These advisory firms have introduced political agendas for corporate governance decision-making, leaving corporations and pension funds to operate at the whims of advisory firms with serious conflicts of interest that disregard investor value.... ESG investments should be made when they add value to a fund. When such investments will not improve the financial performance of the fund, or the decision to invest in them is based on political motives, they should be forgone." MORE >> |
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