It’s Better to Be Woke Than Broke

Pulling your state’s money out of big funds that focus their investments on companies that consider the environment and other socially conscious issues means your state is leaving a lot of money on the table. Good, it turns out, can be a good investment. Semafor: In the culture wars over sustainable investing, we’ve arrived at the backlash to the backlash.

+ “A sharp political divide has emerged over environmental, social and governance investing, or ESG, a type of investing that takes into account non-financial information about a company, such as its climate impact and staff diversity.” What is ESG investing and why are some Republicans criticizing it?