State Street Tells Companies That ESG Moves Are No Longer Optional. Asset manager to vote against board members at laggard firms

Bloomberg | January 28, 2020

[karpov]

No quote from Bloomberg allowed, store here.

[karpov]

I want the companies I invest in to focus on making a profit while complying with the law, not on following politically correct dictates from State Street and Blackrock. The rose of those firms in managing index funds is clerical, and they should remember that.

I have not heard Vanguard preaching as much as Blackrock and State Street. They may be the firm of choice for index funds and ETFs.

[calico_thompson]

The industries that have made the most money for investors since 1929 are beer and tobacco.

[G Larry]

Hey!

There's an investment metric I can use!

High ESG score?

Don't invest!

[Savage Rider]

I don’t understand the language of that headline. Looks like word soup to me.

[billyboy15]

“Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments”

https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp

[billyboy15]

yup!