Social Business Roundup: My Ivory Tower or Yours? Will Cash-strapped Pensions Turn Back to ‘Sin Stocks’?
In the weekly roundup, the CEO of the School for Social Entrepreneurs (SSE) in London says universities shouldn’t teach social entrepreneurship because they aren’t accessible to all; namely, poor people who are often best positioned to help solve social problems in their own neighborhoods. But there's a flaw in his logic. And on Monday, CalPERS, the U.S.'s largest public pension fund, will meet to decide whether to end its 16-year-old policy of divesting from tobacco stocks. Is the tide starting to turn against ESG investments among public pension funds?
Interest in environmental, social and governance (ESG) investing is set to grow despite no hard evidence on how it influences performance, according to Kelsey Biggers, head of investment risk at Franklin Templeton.
For years, many investors assumed that choosing environmental, social and governance (ESG) investing came with a cost—a performance shortfall. Based on our recent survey, that picture has changed.