World’s largest money manager to CEOs: You must do good for society – The Washington Post

VEA Vice Chair Nell Minow is quoted on Blackrock’s letter to portfolio companies about their increasing focus on ESG:

“We used to talk about ‘social investing,’ which made it sound like we were talking about a debutante cotillion,” said Nell Minow, vice chair of the governance consulting firm ValueEdge Advisors. Now, Minow said, as such issues have gotten new vocabulary and focus from more investors — and as the government is increasingly rolling back its involvement in issues like climate change — there’s a greater expectation that private sectors pick up the slack. “It’s a mistake to think there’s any tradeoff here between financial returns and social goals. All of this is very much factored in to making sure that the company makes money.”

Source: World’s largest money manager to CEOs: You must do good for society – The Washington Post

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