Millennial Money: Does ESG actually do any good?
Both sides of the political spectrum have their say about ESG: It’s either just a label that costs more, or it’s saving the world
By ALANA BENSON of NerdWallet
Published - Jun 06, 2023, 07:03 AM ET
Last Updated - Jun 21, 2023, 12:32 PM EDT
ESG, or environmental, social and corporate governance criteria, has become a lightning rod for contention. The right says it’s woke hogwash, and the left says it can save the planet. But few can say what ESG has actually done.
WHY CAN’T WE MEASURE IN POLAR BEARS?
If you’re putting in the effort of researching companies, deciphering ESG scores and choosing investments, you probably want to know what your dollars are actually doing.
I’ve long wished for an app that would tell you exactly how many polar bears you’re saving with X number of dollars in ESG investments. Unfortunately, ESG statistics and impact reports don’t deal in polar bears.
