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David Leyonhjelm

Whose ethics make an investment 'ethical'?

Here's an alternative to ESG principles: invest in businesses that offer the best returns, and use the proceeds to help make a difference based on your own values.

David LeyonhjelmColumnist

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When I began my business 30 years ago, very few investment funds were describing themselves as ethical investors.

Some years later I joined an organisation of CEOs, business owners and senior executives that meets to share and discuss their challenges. I enjoyed our meetings right up until my group was required to listen to a speaker on ethics. When I asked for a definition of ethics and who decides what is ethical, I was told I was out of order. Not long after that I was asked to leave the group.

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David Leyonhjelm writes on Australian politics and was a Liberal Democrat senator for NSW.

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    Original URL: https://www.afr.com/markets/equity-markets/whose-ethics-make-an-investment-ethical-20191218-p53l1k