ESG investing is a hot topic, but can you really chase both morals and profits? : The Indicator from Planet Money ESG investing claims to pursue both profits and morals at once. But is it really the future of finance, or just a PR sham? In part one of our series on the topic, a former ESG guy argues the latter.

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Impact investing, part 1: Money, meet morals

Impact investing, part 1: Money, meet morals

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Spencer Platt/Getty Images
The headquarters of BlackRock stands in Manhattan.
Spencer Platt/Getty Images

Environmental, social and governance (ESG) investing has been *the* hot topic in the financial industry for a few years now. By making investment choices that emphasize social and environmental responsibility alongside profits, money managers claim to put their morals on the same level as their bottom lines.

Critics argue that the trend is merely a publicity stunt, or that ESG investing inherently contradicts money managers' legal fiduciary duty to make the most money they can for their customers. In part one of our two-part series on the topic, we talk to a former C-suite sustainable investing officer at BlackRock on why he thinks ESG, money and morals have a hard time getting along.

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