State Street Global Chief Investment Officer Admits ESG Is Not a Performance Enhancer

TRANSCRIPT:

HEINEL: “Over the years, we’ve debated whether ESG as a performance enhancement, and — as CIO, I’ve been steadfast in saying, by definition, imposing a constraint on a portfolio — if you just do basic investment principles, that’s a constraint. And so, I’ve steadfastly encouraged our teams to not think of ESG as a performance enhancer, for example.”

(via Twitter)