Sustainable Investing Works: It’s about managing risk, not “goodness”

(Morningstar) The grievances are legion lately: Perceived greenwashing in the fund industry is one. This week’s salvo came from Aswath Damodaran, a well-regarded New York University finance professor, who, in a widely read blog post, denounced environmental, social, and governance investing as “a mistake that will cost companies and investors money, while making the world worse off.”