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ESG Research Helps Reveal Resilience amid COVID-19 (Alliance Bernstein, 5 min read) Investors who integrate ESG factors into their research have an excellent gauge of business adaptability and can use this to generate excessive returns. Bernstein highlights companies that incorporated ESG practices outperformed in the first quarter of 2020 as their forward-looking outlook allowed them to handle unforeseen scenarios effectively – for example, the ability to quickly move operations remotely. [Bullish ESG]
Will COVID-19 Fiscal Recovery Packages Accelerate or Retard Progress on Climate Change? (Oxford Review of Economic Policy 3, 17-page read) A joint study conducted by top universities surveyed 231 G20 central bank officials, finance ministries and economic experts on fiscal spending effectiveness in terms of the economic multiplier and climate. The findings reveal five areas with high potential: clean physical infrastructure, building efficiency retrofits, investment in education and training, natural capital investment, and clean R&D.