GlobeNewswire Inc. · Aug 27, 2024
Fraser Institute News Release: ESG will impose considerable harm on Canadian workers, doesn’t reflect the reality of how markets actually work
The Fraser Institute argues that the ESG movement will cause substantial harm to the Canadian economy and workers, as ESG-branded investment funds do not perform better, ESG-focused companies are not more profitable, and ESG mandates impose additional costs on public companies. The essays highlight how the current ESG concept is incompatible with economic theory and will discourage new businesses, reduce investor interest, and slow economic growth.
