What The Wall Street Journal Missed About Sustainable Investing
Sustainable investing isn't a craze, and sustainable investors aren't naive.
I suppose it's a sign of success when The Wall Street Journal sees fit to launch a weeklong critique of sustainable investing. After all, the Journal is one of the world's chief defenders of the status quo, which, in this case, is the shareholder primacy view of capitalism that is supported and enabled by traditional investing.
The world is moving away from all that, as I wrote last week in discussing BlackRock chair Larry Fink's annual letter to CEOs. Instead, it's turning toward stakeholder capitalism, which is supported and enabled by sustainable investing.