Social Investing Drives Pensions Into a Ditch | Economics21

Social Investing Drives Pensions Into a Ditch | Economics21
"Environmental, social and governance (ESG) investing has evolved from simple screening approaches in the 1960s to an increasingly intrusive practice that seeks to impose political agendas on the governance of major corporations. 
Activist investing revolves around a belief that taking into account a company’s conduct outside its core profit-generating business can enhance investment performance.
But new research released by the Main Street Investors Coalition confirms earlier findings that resolutions driven by activist shareholders deliver no value for shareholders.
The three elements of ESG investing all revolve around broadly progressive political themes..."
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