Guns-Divesting Activist Calls Strategy a Failure
- ‘This isn’t working,’ Calvert’s CEO says of selloff strategy
- Florida school massacre renews focus on effecting change
This article is for subscribers only.
John Streur leads one of the oldest firms devoted to socially responsible investing. He’s heard the drumbeat for investors to sell gun stocks following last month’s shooting at a Florida high school that left 17 people dead.
But after years of advocating for aligning investor portfolios with their values, the chief executive officer of Calvert Research & Management has come to a sobering conclusion: divesting gun makers is a flawed strategy. More funds than ever shun the companies yet school shootings have only increased.