Why this money manager believes ESG investing is out and impact investing is in

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‘ESG is becoming a bit toxic. Nobody really knows what it is and what it includes or doesn’t include,’ says François Bourdon, managing partner of Nordis Capital

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The managing partner of sustainability-focused firm Nordis Capital, based in Montreal, says too many companies venture into sustainability in one part of their business while maintaining other parts that can be harmful to society and the environment. The result is a shift from ESG investing, which is more about risk management, toward impact investing, in which capital positively impacts society and generates a financial return, he says.

The firm’s global equity strategy has returned 5.3 per cent over the past 12 months and returned 9.3 per cent since inception on Dec. 21, 2022. The performance is based on total returns, net of fees, as of April 25.

Globe Advisor Appwebview Brenda Bouw Advisor-Noregwall Cent Society Rolls-Royce Company Performance Example Sustainability Advisor Freeport-Mcmoran Inc. ESG

 

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