Profit vs. Progress: Why Socially Responsible Investment Doesn't Work and How to Fix It

Why socially responsible investment promises to make investors richer and the world better—but fails at both.

Wall Street thrives by telling investors that clever financial strategies can reverse the trade-off between corporate profits and social progress. But the link between greater corporate social responsibility and improved financial performance is an illusion.

Profit vs. Progress dissects the massive $30 trillion “socially responsible” or “sustainable” finance industry—and finds the emp...