Investors most certainly can achieve their environmental and social goals without sacrificing their financial goals through impact investing, said Anna Snider, head of global equity and impact investing due diligence at Merrill Lynch Wealth Management. ‘You can invest using environmental, social and governance (ESG) factors, alongside traditional financial analysis and these strategies actually perform like the market performs or better when you are talking about a risk adjusted format,’ said Snider. Snider said the industry has evolved from so-called negative screening, where investors may choose to remove sin stocks like tobacco, alcohol or firearms companies from their portfolios. In the last decade, she said impact investors have instead chosen stocks according to a company’s best practices along ESG lines. TheStreet’s Gregg Greenberg has details from New York.
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