Many market participants lump ESG (environmental, social and governance) in with impact investing, but Jim Coulter of TPG says they’re two different things. CNBC’s Andrew Ross Sorkin interviewed Coulter at the CNBC Delivering Alpha Conference on Sept. 29, and he explained the differences between ESG and impact investing.
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How ESG And Impact Investing Differ
Sorkin described Coulter as “the E and the S and maybe the G” of ESG investing. However, Coulter said he focuses more on impact investing at TPG and described impact investing as “the extra credit of ESG.”
“ESG is doing whatever you do better,” Coulter said. “Impact investing is actually...




