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Dear John,

Environmental, social and governance (ESG) is a movement designed to pressure businesses and investors to pursue larger social goals.

ESG advocates claim that government-mandated ESG disclosures improve the financial performance of companies.

A new study published by the Fraser Institute finds that despite claims to the contrary, the ESG rankings of publicly-traded Canadian companies have no significant effect on investment returns.

Better performance on ESG rankings simply does not translate into better financial performance for Canadian firms.

Read the full study here, and be sure to share it with your friends and colleagues.

Sincerely,

Niels Veldhuis
President
The Fraser Institute