ESG campaigns falling out of favour with activist investors

An analysis at A&M found that activist campaigns focused on operational or strategic change outperformed the market by an average of 9.4% over the past six years. — Bloomberg

NEW YORK: Activist investors are expected to carry out fewer environmental, social and governance (ESG) campaigns this year after the strategy proved less lucrative than other shareholder agendas, according to business consulting firm Alvarez and` Marsal Inc.

An analysis at the firm found that activist campaigns focused on operational or strategic change outperformed the market by an average of 9.4% over the past six years.