Companies ignoring ESG may become 'uninvestable,' says investment bank chief
First published on Dive Brief: Companies that fail to make progress on environmental, social and governance (ESG) goals may end up excluded from consideration by many investors, Larry Wieseneck, Cowen co-president, told an online conference for chief financial officers sponsored by the American Institute of CPAs. “If you’re not moving forward on things like the environment, you’ll be uninvestable in certain parts of the investor universe,” Wieseneck said, predicting that all Wall Street research within 12 months will include “an ESG score — it’s just becoming too important to i...