A model of good money management embraces ESG.
By Hank Boerner
We’ve commented here on “Universal Ownership,” which like the term “SRI” can have several meanings and dimensions, depending on the speaker (and those who hear her and interpret the words). I like the concept of UO as the communities’ monies, with funds contributed into the larger pool, partially and in the main by individuals and government, and other institutions, to be managed by independent fiduciaries with very clear duties and responsibilities for the ultimate beneficiaries. Think of pension funds (corporate and public sector), mutual funds, and endowments and the concept of monies being universally-owned.