“Divestment... has no clear real-world impact since 10% of the market not buying your stock is not the same as 10% of your customers not buying your product”
Long counterblast to the (cynical?) optimism around ESG investing, h/t @rbrtrmstrng 1/
link.medium.com/OEUfXua7Xib
Long counterblast to the (cynical?) optimism around ESG investing, h/t @rbrtrmstrng 1/
link.medium.com/OEUfXua7Xib
I expect a few to say "well, duh - we knew this corporate ESG craze was all greenwash" - but it is nice to see the same points that have been bugging me posed by this expert, such as that one above, and whether less *secondary* investment in X really makes any difference ...2/
Here is part two medium.com/@sosofancy/the…
with this superb quote from @pmarca- impact investing “is like a houseboat — not a very good house, not a very good boat.”
3/
with this superb quote from @pmarca- impact investing “is like a houseboat — not a very good house, not a very good boat.”
3/
And this gets to the nub of it:
"As I moved through meetings with senior managers across the firm to explore how ESG data could improve their investment processes, I saw firsthand that for most investment strategies only a few ESG issues concretely mattered"
Bleak, useful. 4/4
"As I moved through meetings with senior managers across the firm to explore how ESG data could improve their investment processes, I saw firsthand that for most investment strategies only a few ESG issues concretely mattered"
Bleak, useful. 4/4
“On climate change, inequality, and a host of other important issues, the experts are not advising us to leave it to individual, voluntary action. They know that it won’t work” — 5/5
link.medium.com/rG9rz9yBYib
link.medium.com/rG9rz9yBYib
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