Can you actually make money with environmental, social and governance (ESG) plays or so-called ethical stocks? Legacy interpretations imply that ethics and profits go together like water and oil.
However, it may be a fallacy to assume that business ethics represent a barrier to profitability. To be fair, a short-term benefit may materialize from shirking morally upright practices. But in the long run, ESG stocks should outperform their less morally equipped counterparts.
Therefore, these ESG stocks align with burgeoning realities.
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