I don’t like the imprecision and inflexibility of ESG. IN FACT, IT HAS ALL OF THE EARMARKS OF A FAD WITHOUT ANY REAL DIRECTION.
It may have a short shelf life.
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“ESG won’t disappear, having grown into an estimated $35 trillion business. But as long as energy and commodity prices remain high, it has moved far lower in shareholders’ priorities. Most institutional investors will pay lip service to the fight against climate change. And then, quietly, ask Glencore why it isn’t boosting coal production.”
https://www.bloomberg.com/opinion/articles/2022-08-05/esg-is-so-so-so-yesterday-elements-by-javier-blas?sref=rrIuUYit