Environmental, social, and governance (ESG) has been a growing trend with some investors. It\u2019s a type of investing that\u2019s not just about making money. ESG investors consider the impact the companies they invest in have on the planet. It\u2019s not a strict formula. Some investors that subscribe to this philosophy focus on one or two areas over the others.
\nThink of ESG as a broad framework where investors buy shares of companies that they feel good about. That\u2019s a trend some companies have leaned into, but that\u2019s not easy either because it\u2019s easy to come off as pandering or disingenuous.
\nCorbin Advisors Senior Vice President, Investor Relations Advisory and Community Impact Robert McConnaughey has a unique perspective on ESG. In his job he advises companies on their ESG strategies. That gives him a unique perspective as he has to help his clients understand that something that seems like an expense can actually be a revenue creator.
\nCompanies that have proactively embraced ESG have made that a clear part of their identity. Doing that well, however, comes with challenges because it can backfire in a lot of ways and, if you\u2019re not able to come off as sincere, you can have problems from a skeptical public.
\nMcConnaughey joined the 7investing podcast to share his thoughts on ESG and how he advises companies when they decide to embrace this growing trend.
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