New Study: Divestment Is Media-Grabbing, but Ineffective

New Study: Divestment Is Media-Grabbing, but Ineffective
(AP Photo/Bill Sikes)

A study conducted by researchers from Harvard and the University of Chicago and published in the National Bureau of Economic Research (NBER) concluded, unsurprisingly, that divestment was a less effective approach than engagement to push companies to address climate change. Divestment does little to advance ESG goals and is, in fact, a lot messier.

While climate activists and “Keep It In The Ground” groups prefer divestment due to its media-grabbing and retweeting effect, the NBER study shows all the dramatics and performative efforts have little tangible impact when it comes to pushing firms to act in a socially responsible manner.

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