What Returns Do You Give Up for Doing Good?
Environmental, social and governance concerns are playing a bigger role in influencing how investors allocate the money they oversee. That's welcome. But there's a risk of mission creep as funds come under pressure to use their financial clout to change society in ways that should remain the domain of lawmakers. More investors are choosing to put savings into specifically designed ESG funds -- pools, for example, that only take stakes in companies that pledge to reduce their carbon emissions. Assets...