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.
Are you going to buy a $300 underwear because it an ethical company ? Does anybody buy a Lamborghini and ask if this car was made in an ethical factory ? Who is this nut who wrote this piece ? Please buy our shoes we are an ethical company - were you un ethical before this ad?
Wrong ! It is profit , return on shareholders investment.
This fella is not from Abu Dhabi
pq 1 homem tão bonito se esconde atrás de 1 bigode,barba e toalha n cabeça?,nois qué ve tudim...........kkk,é 1 elogio,não ofensa..........bonito mesmo
It should be Dhabi.