A headline caught my attention recently, which means a lot because of the sheer number of headlines I see on a daily basis. Those that draw my attention are the ones that, taken together over time, reveal a pattern or a trend and this one was just that kind of headline.
Irina - I posted these questions on Twitter - Great article on ESG investors! How many use ESG as a front and will jump at the first sign of a profit? Do you think the EU and US government allowing Nat gas as available for ESG funding will matter? - Thanks for writing
Making corporate decisions based on ESG instead of what is the most efficient way to provide needed goods and services will undermine productivity. It’s an accepted principle of economics that improving productivity will lower inflation by keeping wage pressures down.
The unintended consequence of all the ESG chaos is to undermine productivity & efficiency of operations and make everything more expensive for everyone while, at the same time, lowering investment returns.
It’s not sustainable and will not provide the funds needed for an intelligent, orderly transition. Everyone loses.
I knew some kids when I was growing up who played like that. If they couldn’t win at a game, they would throw the board into the air and scatter all the pieces so no one could win.
another stellar piece Irina. one thing I would add is that there's a lack of coordination on metrics for sustainability reporting but one that seems to be addressed imminently. Tracking emissions is complicated work and I'm certain some investors understand that but based on moral compass, just go with flow/ what's in vogue.
Yes, and it seems to me regulators are putting a lot of effort into making it even more complicated. There is an excessive focus on emission reporting and it is going to backfire.
Irina - I posted these questions on Twitter - Great article on ESG investors! How many use ESG as a front and will jump at the first sign of a profit? Do you think the EU and US government allowing Nat gas as available for ESG funding will matter? - Thanks for writing
I guess we'll have to wait and see, Stu. It would depend on the financial muscle behind gas/anti-gas, I suppose.
Making corporate decisions based on ESG instead of what is the most efficient way to provide needed goods and services will undermine productivity. It’s an accepted principle of economics that improving productivity will lower inflation by keeping wage pressures down.
The unintended consequence of all the ESG chaos is to undermine productivity & efficiency of operations and make everything more expensive for everyone while, at the same time, lowering investment returns.
It’s not sustainable and will not provide the funds needed for an intelligent, orderly transition. Everyone loses.
I knew some kids when I was growing up who played like that. If they couldn’t win at a game, they would throw the board into the air and scatter all the pieces so no one could win.
another stellar piece Irina. one thing I would add is that there's a lack of coordination on metrics for sustainability reporting but one that seems to be addressed imminently. Tracking emissions is complicated work and I'm certain some investors understand that but based on moral compass, just go with flow/ what's in vogue.
Yes, and it seems to me regulators are putting a lot of effort into making it even more complicated. There is an excessive focus on emission reporting and it is going to backfire.