Tag: social investing
The brief’s key findings are: Public pension plans have engaged in social investing since the 1970s in response to state mandates. More recently, the plans themselves have embraced a “new” form of investing that incorporates environmental, social, and governance (ESG) factors. ESG investing is based on the notion that taking account of non-financial factors w…
The brief’s key findings are: Public pension funds continue to engage in social investing, most recently divesting from Iran and fossil fuels. However, social investing is often not effective, as other investors step in to buy divested stocks. Social investing can also produce lower investment returns, conflict with the views of beneficiaries and taxpayers, and…
