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Esg Investing Jobs – Sustainable Investing (ESG, SRI)

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Esg Investing Jobs – 10 Tips

Individuals and large institutions alike are allocating more of their dollars to investment strategies that meet some level of environmental, social, and governance criteria. This is commonly referred to as responsible, sustainable, or green investing.

Referenced in this video:
– 2018 GLOBAL SUSTAINABLE INVESTMENT REVIEW http://www.gsi-alliance.org/wp-content/uploads/2019/03/GSIR_Review2018.3.28.pdf
– Sustainability as BlackRock’s New Standard for Investing https://www.blackrock.com/uk/individual/blackrock-client-letter
– The Contributions of Betas versus Characteristics to the ESG Premium https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3010234
– Disagreement, Tastes, and Asset Prices https://papers.ssrn.com/sol3/papers.cfm?abstract_id=502605
– A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Green Investing and Sin Stock Exclusion https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3455090
– Sustainable Investing in Equilibrium https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3498354
– Aggregate Confusion: The Divergence of ESG Ratings https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3438533

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Visit Rational Reminder: https://www.https://rationalreminder.ca/

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Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/
PWL Capital Blog Post: https://www.pwlcapital.com/sustainable-investing-how-will-it-impact-your-returns/

Follow PWL Capital on:
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31 Comments
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31 Comments

  1. Ben Felix
    July 29, 2021 at 3:32 pm

    Here is the blog post accompanying this video: https://www.pwlcapital.com/sustainable-investing-how-will-it-impact-your-returns/

    If you would like more information on this topic, it has been discussed numerous time on the Rational Reminder Podcast. Episode 63 features a Canadian economist, Tim Nash, who specializes in sustainable investing. Episode 82 is similar to this video. Episode 84 has follow up commentary from Tim Nash regarding Episode 82. Episode 100 features Ken French who gives his take on sustainable investing. Tim Nash offers commentary on Ken French's point of view in Episode 115.

    https://rationalreminder.ca/podcast/63

    https://rationalreminder.ca/podcast/82 starting at 12:00

    https://rationalreminder.ca/podcast/84 starting at 53:10

    https://rationalreminder.ca/podcast/100 starting at 45:52

    https://rationalreminder.ca/podcast/115 starting at 1:03:39

  2. EinApoStein
    July 29, 2021 at 3:32 pm

    ESG is also American primed. in Europe no one can understand the "no nippel at all" mentality

  3. LikwidFace
    July 29, 2021 at 3:32 pm

    Working for a company instituting this literally eliminates all opportunity for whites

  4. doug
    July 29, 2021 at 3:32 pm

    woke investing for blue checkmarks on twitter

  5. Paul
    July 29, 2021 at 3:32 pm

    Sustainable investment makes sense from a investor welfare point of view. The investor's welfare is the sum of their financial welfare and social welfare, so rational investors should prefer socially-beneficial companies, even at a financial cost – no matter their specific social preferences.

  6. Redpilled_Tuber
    July 29, 2021 at 3:32 pm

    I pay enough taxes that are now diverted into Environmental projects. I'm not willing to give up hard to find investment returns to add to that. As long as companies operate, trade or invest in China its all meaningless.

  7. MrWilson 2020
    July 29, 2021 at 3:32 pm

    Yep. You definitely need to read the exclusions fine print. Even then, it is hard to eliminate a sector like coal completely.
    Any sort of tilt away helps.

  8. LogicalMisery
    July 29, 2021 at 3:32 pm

    When I first started out, financial advisor sold me on some mutual funds. Then I spent the little bit of time researching and saw the fund had Philip Morris as one of its top holdings, and that bugged me considering how tobacco is growing by exploiting poorer nations. Got out of that fund.

  9. Akash Mozumdar
    July 29, 2021 at 3:32 pm

    Welp I'm sold, are there funds that only invest in non esg companies?

  10. Anthony Soto
    July 29, 2021 at 3:32 pm

    Has anyone realized Ben Felix is 6'11"!!!!!!

  11. Juri Dittrich
    July 29, 2021 at 3:32 pm

    I am now thoroughly convinced to radically exclude companies with a high ESG rating from my Portfolio.

  12. M. Morin Investor
    July 29, 2021 at 3:32 pm

    I have ICLN and it's been green the whole time.

  13. Alan Vazquez
    July 29, 2021 at 3:32 pm

    Hi Ben, great video, some points I'd like to mention.
    The academic papers you mentioned might have a point based on his research about lower E(r) for higher ESG criteria companies in the past years, however, they have a huge out-of-sample error given that ESG index (in the US) have delivered stunning returns against the market (S&P500 Index). Some data:
    iShares SUAS US EQUITY: 102.81% ; Expense Ratio: 20pb
    SPDR SPY US EQUITY: 68.68% ; Expense Ratio: 9.45pb
    *07/12/2016 – 11/16/2020
    *Data from BBG
    The outperformance is notorious.
    A Joe Biden presidency means a political agenda more focused about ESG than the previous 4 years of Donald Trump.
    Would you recommend ESG index funds for a retail account?
    Do you agree with the papers you mentioned about lower Expected returns for companies with High ESG criteria?

    It would be great know your opinions

  14. Mazufa
    July 29, 2021 at 3:32 pm

    @Ben Felix Could you add auto-captioning to your video here? 🙂 I am Finnish and I do not really part of the English language very well, so the automatic Finnish language texts would help to understand what you tell in this video! 🙂 I used a google compiler to write this post.

  15. James Byrne
    July 29, 2021 at 3:32 pm

    You make this sound so complex. Slow down. It's like ESG is good ESG is bad. Its really hard to follow.

  16. Hossama M.
    July 29, 2021 at 3:32 pm

    Hey can you make a video about Islamic ETFs please ? Love your content from France

  17. suki
    July 29, 2021 at 3:32 pm

    this was very insightful.

  18. cat -.-
    July 29, 2021 at 3:32 pm

    Blackrock CEO: Expects higher risk-adjusted return as a result of ESG investing

    So blackrock is full of shit?
    Does not surprise me considering how ishares esg is more expensive than vanilla

  19. Christopher Ellis
    July 29, 2021 at 3:32 pm

    ESG? Quid hic est?

  20. elijah birtel
    July 29, 2021 at 3:32 pm

    Me and this guy. Mole rat men unite.

  21. Rutger De Maeyer
    July 29, 2021 at 3:32 pm

    You should make a video against day trading.

  22. MichaelExe
    July 29, 2021 at 3:32 pm

    Could there be a positive (risk-adjusted) expected payoff for negative screening in the long term, due to lower preferential discount rates/longer time horizons? People into responsible investing might be thinking farther ahead than the average investor. What will the oil industry look like in 20-40 years? Will there even be an oil industry in 40 years?

    That being said, oil companies might transition to clean tech. Meat companies are also starting to invest in and sell plant-based foods now.

  23. X S
    July 29, 2021 at 3:32 pm

    "Taste"?! Well, then I can justify anything in my portfolio, including Gold and Tobacco!

  24. Tim Elston
    July 29, 2021 at 3:32 pm

    I browsed the holdings of an ESG fund a few years ago and was surprised at how little the top holdings seemed to mirror my green conscience. The bar must have been pretty low. Plus, even though I'm not as smart and studied as you, I intuitively grasped that society at large is driving concern for sustainability, so markets at large will necessarily follow, even if lag in the short term. I decided I didn't want to pay both the explicit short term costs and the implicit long term costs, and that it was more in both my and society's interests if I shared equally in the factors that are waking society up to the need to sustainability and in the long term costs of addressing it. If I invest in ESG funds, in principle I am enabling the larger society by personally bearing a disproportionate cost of its extravagance, which prolongs its abuse. If I invest in the broader market now with the rest of society, I share in hastening society's reckoning with its profligacy and am invested in its future sustainability as it adapts to nature's sustainability demands. It happens to be self-serving, but it nonetheless seems economically correct. They do say economics is sometimes counterintuitive. Not that I'm necessarily right, mind you. I'm probably no more right than I am smart.

  25. Andrew Maina
    July 29, 2021 at 3:32 pm

    Kindly suggest certified courses I can take on ESG

  26. goauld88
    July 29, 2021 at 3:32 pm

    It should be te government's job and not the investor's job to regulate companies so that polluting becomes less profitable…

  27. Sebastian
    July 29, 2021 at 3:32 pm

    Sooo….when can we expect the first unethical factor tilted ETFs? XD

  28. Joachim Birch Milan
    July 29, 2021 at 3:32 pm

    I don't get this. If stocks with high ESG-scores are overpriced, wouldn't Wall Street turn their back on them and focus on Exxon and Chevron, thereby keeping prices in balance?

    As you might have guessed, I really want my investments to have a positive rather than negative impact so I am looking for flawed argumentation in this video – despite my trust in Ben Felix' knowledge…

  29. Laura G
    July 29, 2021 at 3:32 pm

    Ben, seems like your employer disagrees? From their page on responsible investing:
    “Our [PWL] analysis…has led us to the conclusion that an ESG portfolio will likely have a similar risk-return profile as a non-ESG portfolio.

    These findings contrast with earlier research that supported a widely held belief that responsible investing came at a price in terms of foregone returns. This theory held that premium returns were provided by so-called sin stocks such as tobacco, alcohol and gambling. Sin stocks were thought to outperform precisely because they were shunned by many institutional investors and could be had at lower prices, even though they were often highly profitable.

    Subsequent research disproved the theory that sin stocks produced better returns than other stocks.

    What’s more, recent studies have found that companies with strong ESG practices generate better financial performance than their peers. BlackRock, MSCI and Dimensional Fund Advisors all have data to show the outperformance of ESG funds compared to their own non-ESG-focused offerings.”

  30. Collin Li
    July 29, 2021 at 3:32 pm

    Does this mean if you are ruthlessly in pursuit of returns, you should filter out ESG stocks?

  31. Carter Creative
    July 29, 2021 at 3:32 pm

    Royal London Sustainable World C Acc up 87% over 5 years