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ESG leaders are not always net positive, fresh report finds

ESG funds do not automatically produce socially and environmentally redeemable impact alongside returns. Funds without an ESG label can very well have above-average net value creation regardless of image conveyed by marketing materials or ESG metrics, a new report from The Upright Project states.

Annu Nieminen, CEO and Founder of The Upright Project. | Photo: PR / Upright Project

Companies generally known to be the ESG leaders in their field do not always – or even in most of the cases – produce net positive impact, understood in a compound ethical, environmental and economic sense. Investing in an ESG-themed fund does not guarantee a more positive net impact compared to investing in an ordinary fund either. These are some of the key finds of the first Net Impact Report compiled by Helsinki-based company The Upright Project.

In the report, The Upright Project ran the Fortune Global 500 list through its net impact model. The mathematical model produces continuously updated estimates of the net impact of companies.

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