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Those looking to invest in companies whose values align with theirs when it comes to environmental, social, and governance factors, known as ESG, are working toward a dual bottom line: They are seeking positive results for the causes they support and positive returns for their portfolios. Michael Iachini, managing director and head of manager research at Charles Schwab Investment Advisory, joins Mike Townsend to discuss the state of ESG investing, whether investors can make a profit while also supporting causes they believe in, how to determine whether a company truly shares your values, and what steps Washington is taking to develop standards and ensure they are met.
Mike also recaps the passage of the infrastructure bill, considers the timing for passing the Build Back Better bill, and looks at the growth of stablecoins, their risks, and Congress's interest in taking the first steps toward a cohesive regulatory environment for cryptocurrencies.
WashingtonWise is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.
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The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.
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Because environmental, social and governance (ESG) strategies exclude some securities, ESG-focused products may not be able to take advantage of the same opportunities or market trends as products that do not use such strategies. Additionally, the criteria used to select companies for investment may result in investing in securities, industries or sectors that underperform the market as a whole.
Digital currencies, such as bitcoin, are highly volatile and not backed by any central bank or government.
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