As ESG Strategies Evolve, New Questions Are Raised

Jo says there are some basic standards that must be finalized before socially responsible investing takes off.

ESG

It’s almost 50 years since Milton Friedman’s screed against socially responsible investing was published in New York Times Magazine.

“The businessmen believe that they are defending free enterprise when they declaim that business is not concerned ‘merely’ with profit, but also with promoting desirable ‘social’ ends; that business has a ‘social conscience’ and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be

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