I've always had the opinion that the investor/wealth class despite their outward displays of social liberalism and environmental conscience.....it ends where their investments generate returns and where their expectations lie.
IOW, ESGs are overblown in terms of their actual impact. IOW, investment advisors, fund managers, etc.(people beholden to such fiduciary standards) weren't dabbling in that area much in the first place.
I have no proof of what I just stated except that we get reminded during elections that the uber wealthy are far more apolitical than we'd like to believe.
Again, there are the outward symbols of social liberalism we believe define these folks as liberal.
And then there are the meetings with their bankers, lawyers, accountants, insurance, and investment reps.........I assure you those meetings are NOT about their liberalism.....LOL
-My question, though, was who is responsible for the investor's investment choices? The company following its prospectus, or the investor risking his money?
Buyer beware is what I think.