PERA’s investment philosophy: Financial returns first or ESG by another name?
By Cory Gaines | Commentary, Colorado Accountability Project
PERA and ESG
People often want their investing to reflect their values. There are some whose values are such that the supreme consideration is how quickly their nest egg grows. There are some who might be concerned with how quickly their nest egg grows, but along with that concern, they want to know that they’re not investing in things they find morally repugnant — no money to cigarette companies, arms manufacturers, or even sometimes companies that (in their view) harm the environment.
Fair enough. We all have our values and it’s a free country.
In recognition of the latter consideration, there has been a movement toward consideration of a company’s ESG (environmental, social, and governance) rating when ...

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