Re:ESG should be boiled down to one simple measure: emissions
by JumpCrisscross on Wednesday July 27, 2022 @06:29PM
(#32257865)
> What's the article's point? That point shouldn't care about social issues?
The thesis is "because [ESG] lumps together a dizzying array of objectives, it provides no coherent guide for investors and firms to make the trade-offs that are inevitable in any society," that industry "is not being straight about incentives" and that "the various scoring systems have gaping inconsistencies and are easily gamed."
Co-mingling E, S and G winds up focussing on nothing except making consultants rich.
The thesis is "because [ESG] lumps together a dizzying array of objectives, it provides no coherent guide for investors and firms to make the trade-offs that are inevitable in any society," that industry "is not being straight about incentives" and that "the various scoring systems have gaping inconsistencies and are easily gamed."
Co-mingling E, S and G winds up focussing on nothing except making consultants rich.