Say goodbye to Warren Buffett and the traditional investment metrics of value, growth potential, an economic moat, and a company’s strong leadership. It’s time to embrace the new true way of investing: the government-mandated disclosure of the Environmental, Social and Governance (ESG) impact of a company. Or so some want you to think.
To many, a pin on an employee’s apron, a paper straw, or whatever the company’s social media intern tweeted that morning could not have the slightest effect on the taste of their coffee or their choice of fast food restaurant. Yet to a select few, there could not be a single thing of greater importance than the social or environmental “wokeness” of a behemoth corporation.
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