Wall Street’s most hated 3 letters prove too risky to ignore: ESG

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Wall Street’s most hated 3 letters prove too risky to ignore: ESG
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As the label “ESG” ends up among the most hated on Wall Street, the financial cost of ignoring it is making headlines. Read more.

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In just the past few weeks, a string of textbook environmental, social and governance issues — spanning workers’ rights to extreme weather — erupted in several major stocks., was forced to issue a profit warning that drove down its shares after it said a tentative labour agreement will add to its costs. The company agreed to raise wages for some workers, bump up the amount of paid vacation and improve working conditions.

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