By Benedict Yap, CFA
Head, Environmental, Social and Governance (ESG)
In his book, Investing with Impact: Why Finance is a Force for Good, author Jeremy Balkin puts forth the case that the finance industry can improve the state of the world by positively influencing the allocation of capital. He also discusses how “the free market system means that every person has as take in the outcome because each person is able to exercise personal enlightened self-interest”. In other words, Balkin goes on to write “people who serve the best interests of society ultimately actin their own self-interest”.