6min chapter

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546. Are E.S.G. Investors Actually Helping the Environment?

Freakonomics Radio

CHAPTER

The Benefits of Investing in Brown Firms

Kelly Shoe argues for investing in brown firms that are making an effort to become less brown rather than punishing them by selling off their shares. $35 trillion already invested in ESG strategies that aren't clearly described and don't have obviously good consequences, he says. In the meantime, these ESG investors are paying relatively high fees to fund managers to provide this service.

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