Investors will soon apply ESG criteria to global governments, according to Paul O'Brien, the former deputy CIO of the Abu Dhabi Investment Authority, which manages more than $700 billion in assets.
Investors will soon apply environmental, social and governance standards to global governments as the role of ethics grows in the investing world, according to Paul O'Brien, the former deputy CIO of the Abu Dhabi Investment Authority, which manages more than $700 billion in assets.
One example of this was seen earlier this year. Pharo Management, a UK-based hedge fund, returned $300 million to the Saudi Arabian Monetary Authority after the murder of journalist Jamal Khashoggi at the hands of the Saudi government, Bloomberg News reported. "I suspect we will see more of that," O'Brien said."It's not confined to Saudi Arabia. You might be concerned about any number of countries. You might be concerned about Venezuela, Israel, you might be concerned about the United States, depending on where you are."
Critics of ESG investing argue that, while taking into account these factors can mitigate investment risk, it can also lead to lower investment returns.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Double Play: A Former State Senator's Car Ride With Ernie BanksAfter the Sept. 11 terrorist attacks, former Illinois State Senator William Marovitz drove from Omaha to Chicago with Cubs legend Ernie Banks. OnlyAGameNPR WBUR
Consulte Mais informação »
Los Angeles Times wins Pulitzer for investigation into former USC gynecologistPulitzer Prize judges named investigative reporters Harriet Ryan, Matt Hamilton and Paul Pringle for their 2018 work uncovering troubling allegations of misconduct by a former USC gynecologist, Dr. George Tyndall and led to changes at the university. It is The Times' 45th Pulitzer Prize.
Consulte Mais informação »
German prosecutors charge former Volkswagen CEO Martin Winterkorn with fraudProsecutors in the German city of Braunschweig say they are pressing criminal charges against former Volkswagen CEO Martin Winterkorn in connection with the carmaker's manipulation of diesel emissions testing.
Consulte Mais informação »
'America deserves better': A former GOP governor challenges Trump for presidentNEW: A former governor announces that he will challenge President Trump for the Republican nomination for president in 2020.
Consulte Mais informação »
William Weld announces challenge to Trump in GOP primaryFormer Gov. William Weld of Massachusetts is officially challenging Donald Trump in the 2020 Republican primary
Consulte Mais informação »
Former Trump adviser Roger Stone seeks dismissal of Mueller charges, access to reportDefense attorneys for Roger Stone, the veteran GOP operative and former adviser to Pres. Trump, filed court documents seeking to dismiss charges brought by special counsel Robert Mueller and request access to his 400-page report in its entirety.
Consulte Mais informação »
German prosecutors press charges against former VW CEO WinterkornVW has had to recall hundreds of thousands of cars around the world over the diesel emissions cheating scandal.
Consulte Mais informação »
Former top Obama intel lawyer praises 'very shrewd' indictment of Assange for skirting First Amendment issuesThis week on SkullduggeryPod, Isikoff and dklaidman talk to top Obama intelligence lawyer Robert Litt, who praised the way the Trump DOJ handled the indictment of Julian Assange. Litt called it 'very shrewd' for skirting First Amendment issues
Consulte Mais informação »