Daily Archives: January 13, 2024

Book Bits: 13 January 2024

Beyond the ESG Portfolio: How Wall Street Can Help Democracies Survive
Marcos Buscaglia
Summary via publisher (McGraw Hill)
How to be confident that your ESG investments serve your clients’ needs—and take Democracy into account. It is easy to unintentionally finance autocrats by using benchmark indices, which often include bonds and stocks of countries slipping down the democracy rankings. Despite best intentions, an investor may be investing in Russia’s invasion of Ukraine or supporting a leader like Hugo Chavez without realizing it. Marcos Buscaglia, a Latin America economist, emerging markets expert, and an emerging voice on the relationship between democracy and markets, argues that the current ESG criteria has brought environmental and social standards into investment decisions, but its approach to democracy needs to be refined.

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