A widely read piece in The Times in December 2021 saw Serco boss Sir Rupert Soames lamenting the tsunami of investors who are now demanding that ESG factors – that’s Environmental, Social and Governance – are a key consideration in their portfolios. They’re no longer obsessed with pure profits.
This, says Sir Rupert, is a phenomenon that has only emerged over the last couple of years and risks making it more costly for those companies engaged in what could be seen as “necessary evils” – such as running prisons or building tanks and warplanes – to go about their essential business.
Mike McCudden our CEO at CrowdX does not agree.
At CrowdX, an investing marketplace which demands ESG disclosures from all its participants, we think the opposite can be true.
You can read the full article by Mike McCudden in the Evening Standard here.