“It’s been more than 30 years since the ethical investment pioneers Amy Domini and Peter Kinder showed that ESG considerations bring higher returns over longer periods of time. But the issue is much older than that.
The idea that moral concerns have value — and that money should be invested according to them — goes back to the origins of capitalism. It’s also an approach steeped in American history.”
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“ESG is just another name for moral considerations in capitalism. The left may think that’s an oxymoron and the right may see a woke conspiracy, but it’s a notion that has existed since the rise of capitalism in medieval Italy and which has been central to America since its founding.”