Beyond the ESG Portfolio: How Wall Street Can Help Democracies Survive

Investors must ensure that their ESG investments align with their clients' needs and values, and take democracy into account. Marcos Buscaglia's book "Beyond the ESG Portfolio" highlights the connection between Wall Street and the economic, social, and foreign policies of autocratic leaders, and argues that the current ESG criteria need to be refined to better address democracy.

Format: Hardback
Length: 272 pages
Publication date: 16 February 2024
Publisher: McGraw-Hill Education

It is effortless to inadvertently support autocrats through the use of benchmark indices, which frequently include bonds and stocks of countries declining in democratic rankings. Despite sincere intentions, an investor may unknowingly invest in Russia's invasion of Ukraine or support a leader like Hugo Chavez. This is the kind of scenario that Beyond the ESG Portfolio vividly illustrates.

In this timely book, Marcos Buscaglia, a Latin America economist, emerging markets expert, and emerging voice on the relationship between democracy and markets, argues that the current ESG criteria have brought environmental and social standards into investment decisions, but its approach to democracy needs refinement. You'll learn everything you need to know about the connection between Wall Street and the economic, social, and foreign policies of Turkey President Recep Tayyip Erdoğan, Hungary Prime Minister Viktor Orbán, Russia President Vladimir Putin, China President Xi Jinping, and a host of Latin American autocrats, and how ESG criteria have not been able to stop markets from funding their regimes.

Investors need to trust that their portfolio managers are using their money for good when they allocate funds to ESG. Beyond the ESG Portfolio shows how to make the most informed and nuanced decisions for every one of your clients.

Weight: 484g
Dimension: 162 x 237 x 27 (mm)
ISBN-13: 9781265115609