Home » Here are the 100 best ESG stocks from the United States. Paul Tudor Jones explains what makes companies more virtuous over the long term

Here are the 100 best ESG stocks from the United States. Paul Tudor Jones explains what makes companies more virtuous over the long term

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Among the best companies in the US stock market for ESG metrics (environmental, social and governance) the Big Tech stand out. In the first place Alphabet, the parent company of Google, which has earned four places since last year and displaces Microsoft from the first place. The giant founded by Bill Gates slips to third place, even surpassed by Intel. In the top ten other tech giants such as Apple, Salesforce, Nvidia and PayPal. The only non-tech-focused company in the top 10 is Bank of America. Facebook’s sboom also stands out, dropping almost 700 places this year within the total universe of 1,000 classified shares, positioning itself far behind its technological colleagues and even companies not typically seen as ESG leaders, including which Exxon Mobil.

The ranking is drawn up by Just Capital, an ESG investing research company co-founded by hedge fund billionaire Paul Tudor Jones and reflects the dominant position of technology companies in the market.

Paul Tudor Jones himself, in commenting on this year’s ranking, emphasized that the companies that are doing best are focusing on the “most important metrics, which are generally portfolio and work-related issues”, and not solely on profit. This is because the principles of the classical theory of Milton Friedman on capitalism are now outdated. “The problem with what Milton Friedman said, that the only purpose for a company is to generate a profit, is that if that’s your only motive, it creates the ability to be amoral in your decisions,” he said. Jones on CNBC’s “Squawk Box”. Tudor Jones gives the example of shares of Purdue Pharma, saying that “their only purpose was to make a profit and the consequence of that was an opioid crisis that killed 400,000 Americans.” “You can’t pursue a commercial purpose without bringing the ethics and morality and social consequences of your actions,” Jones said. “It can’t even be said that making a profit is economically the best way to create a production system, because again, we lost 400,000 workers in that opioid crisis.”

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Tudor Jones specifically recommends focusing on worker care. “You can’t make a long-term value proposition for investors and shareholders if you don’t care and deliver a value proposition to other stakeholders, employees, customers, communities, the planet.” “Question no. 1 for Americans regarding companies is pay a fair wage (…) Letting workers share more corporate income is good and good for business too, ”Jones said.

The payment of a fair and decent wage was a fundamental element of this year’s Just 100. The hedge fund icon says the data is already proving this view is best for long-term investors. Companies on the JUST 100 list give 19 times more to local communities and provide information on the pay gap more often, but in particular they also pay 20% more in dividends and earn 4.5% more than the rest of the US companies.

Worker problems accounted for 39% this year in Just Capital’s ranking, which includes factors such asoffering a living wage, protection of the health, safety and well-being of workers beyond what is required by law, offering high quality benefits and investing in its workforce through training and education.

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