Virtuous investing finally starts to pay off
Europe has led the way in socially responsible investing but other regions are fast catching up
As more money gets allocated to environmental, social and governance strategies, companies with higher scores attract more investment
For investors trying to take into account environmental, social and governance (ESG) concerns, the best response seems to have been to adopt a version of St. Augustine’s prayer: “Oh Lord, make my strategy pure, but not too quickly." For whenever the issue of socially responsible stock-picking arises, so too does the suspicion that doing good comes at a price.