ESG is on the ropes — is it worth saving? ...Middle East

Recent headlines have not been kind to the environmental, social and governance investing (ESG) movement. Last week, the Wall Street Journal reported that the Securities and Exchange Commission is investigating Goldman Sachs over its ESG investment funds. On May 31, German police raided the offices of fund manager Deutsche Bank’s DWS in connection with an investigation of alleged “greenwashing,” said to occur when fund managers make unrealistic or misleading claims about an investment strategy’s environmental bona fides. The week prior, Stuart Kirk, head of responsible investing at HSBC Asset Management, was suspended by his employer after giving a presentation in which he said that b

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ESG is on the ropes — is it worth saving? ...Middle East

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