In February, a group of major financial services firms withdrew from Climate Action 100+, a coalition of investors pushing companies to cut carbon emissions.
• They feel investments related to the clean energy transition will outperform most other sectors and earn investors money in the short and long term. But these differences mask the more important reality: regardless of party, investors think companies that focus more on climate and clean energy will be more successful.
Much criticism of ESG and sustainable investing argues that investors have to choose between performance and impact. By overwhelming margins, investors reject this conclusion.
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