The Impact of Regulation on ESG Performance

The party line has been that you were devoted to the shareholder and the company as fiduciary responsibility. Now there's a little bit more alignment. There are a lot of these companies with high ESG scores. Their rate of returns are pretty good or even better. We have no idea what the causation is. This could be completely coincidental. Maybe it's indicative of a well-run company. They have an inclusive mindset. They're into diversity.