What Wall Street really thinks of ESG ratings

Could it be that U.S. investors don’t care all that much about whether companies actually are promoting ESG goals?

(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — How important is ESG on Wall Street — really?

It seems absurd to even ask, of course. We already “know” that ESG mutual funds and ETFs took th…