I agree with this. Estimates vary, but there is something like <a href=”https://www.pionline.com/esg/global-esg-data-driven-assets-hit-405-trillion“>$40 trillion of ESG assets</a> (for comparison, the total market value of all crypto currencies is currently under a trillion dollars). So there is a lot of potential for impact.
The focus of discussion on ESG (including in this piece) is typically on which shares to own or not own, neglecting an important potential lever of change: how to vote the shares. An interesting example of an ESG fund in this regard is the ETF <a href=”https://etf.engine1.com/vote“>VOTE</a> that owns all 500 stocks in its underlying index, but seeks to make the world a better place by voting for better corporate behavior. Some ESG funds do both, but many ESG funds don’t make an effort to vote their shares in an ESG way. So, for example, Vanguard votes its ESG funds exactly the same way it votes its regular funds.
I agree with this. Estimates vary, but there is something like $40 trillion of ESG assets (for comparison, the total market value of all crypto currencies is currently under a trillion dollars). So there is a lot of potential for impact.
The focus of discussion on ESG (including in this piece) is typically on which shares to own or not own, neglecting an important potential lever of change: how to vote the shares. An interesting example of an ESG fund in this regard is the ETF VOTE that owns all 500 stocks in its underlying index, but seeks to make the world a better place by voting for better corporate behavior. Some ESG funds do both, but many ESG funds don’t make an effort to vote their shares in an ESG way. So, for example, Vanguard votes its ESG funds exactly the same way it votes its regular funds.
The superficial/not-very-relevant evaluation criteria reminds me of Charity Navigator. Perhaps there’s room for an impact-focused ESG evaluator.
I agree with this. Estimates vary, but there is something like <a href=”https://www.pionline.com/esg/global-esg-data-driven-assets-hit-405-trillion“>$40 trillion of ESG assets</a> (for comparison, the total market value of all crypto currencies is currently under a trillion dollars). So there is a lot of potential for impact.
The focus of discussion on ESG (including in this piece) is typically on which shares to own or not own, neglecting an important potential lever of change: how to vote the shares. An interesting example of an ESG fund in this regard is the ETF <a href=”https://etf.engine1.com/vote“>VOTE</a> that owns all 500 stocks in its underlying index, but seeks to make the world a better place by voting for better corporate behavior. Some ESG funds do both, but many ESG funds don’t make an effort to vote their shares in an ESG way. So, for example, Vanguard votes its ESG funds exactly the same way it votes its regular funds.
(with fixed formatting)
I agree with this. Estimates vary, but there is something like $40 trillion of ESG assets (for comparison, the total market value of all crypto currencies is currently under a trillion dollars). So there is a lot of potential for impact.
The focus of discussion on ESG (including in this piece) is typically on which shares to own or not own, neglecting an important potential lever of change: how to vote the shares. An interesting example of an ESG fund in this regard is the ETF VOTE that owns all 500 stocks in its underlying index, but seeks to make the world a better place by voting for better corporate behavior. Some ESG funds do both, but many ESG funds don’t make an effort to vote their shares in an ESG way. So, for example, Vanguard votes its ESG funds exactly the same way it votes its regular funds.