The "E" Is For Elephant
In the article, Nicole notes that companies that fail to take ESG into account when formulating strategy are putting themselves at risk:
"When you have BlackRock and Vanguard and Fidelity taking positions that were once deemed issues of Birkenstock-wearing environmentalists, that's a pretty radical shift. [Institutional investors] have decided to focus on the economic risk of these things, and there's intentionality around that. This is not a political issue. It's not an ethical issue. It's an economic risk issue."