trust your gut reaction. It's correct. I promise you whether you're running a $50 billion

pension or you have $5. Your gut instinct is correct on this. Welcome to the Stay Wealthy

Podcast. I'm your host, Taylor Schulte, and today I'm covering a topic that hasn't been

tackled here on the podcast, and that is ESG investing.

ESG stands for environmental, social, and corporate governance.

And because the world of ESG is messy and complicated, I asked Liz Simi, co-founder of

Honey Tree Investment Management, to come and help us break it down.

Liz is wildly knowledgeable about purpose-driven investing and addresses three big questions

in this episode.

Number one, what is ESG investing in plain English?

Number two, how retirement savers should approach fees when investing in ESG funds and solutions.

Number three, what's the most important data point to screen for when choosing an ESG strategy?

So if you want to learn the right way to approach ESG investing and how to integrate it into your retirement portfolio.

This episode is for you. For the links and resources mentioned, including links to some of Liz's

favorite ESG research, head over to you staywealthy.com forward slash 109.

So I want to kick off today's conversation really simply by just asking you in plain English, what is ESG investing?

And I know there's some other acrony gets thrown into the mix.

So what does ESG investing mean?

Is there a difference between SRI and ESG and just kind of

start there and we'll dive deeper? So SRI, so socially responsible investing, is kind of the

original ESG. And what happened, I'm going to give you the whole history because I think it's

interesting, even before the apartheid, but the apartheid was kind of the big moment, investors started

...