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A comment on Companies with good ESG scores pollute as much as low-rated rivals. Parent comment

Re:Companies with good ESG scores pollute as much as low-rat... by MostlyStable on Wednesday August 02, 2023 @03:40PM (#36976105)
Also, there's evidence that moving investment from polluting to non-polluting industries at best has almost no impact, and potentially makes things worse:

https://www.icpmnetwork.com/wp-content/uploads/2023/07/Count...

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Re:Companies with good ESG scores pollute as much as low-rat... by FormerBandmate on Wednesday August 02, 2023 @08:14PM (#36979673)
Europe defunded their oil and gas industry and only great things happened from it. Just ask Ukraine

The only way to stop pollution is to consume green. That’s it. The Saudis and the Russians don’t care about ESG

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Re:Companies with good ESG scores pollute as much as low-rat... by brmgb on Thursday August 03, 2023 @05:22AM (#36983366)
Europe never defunded its oil and gas industry. I have no idea of what you are talking about. Germany used to buy Russian gas. The European oil industry is mostly in France and the UK (and Norway).

Anyway ESG never was big in Europe and is now entirely dead. The EU mandates far better reporting in the CSRD and the texts linked to the european green taxonomy with actually meaningful KPIs and financial data having to be disclosed.

A quick look at the gap between ESG scores and EU Green taxonomy alignment results will tell you all you need to know about ESG scores by the way. They are meaningless.

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Re:Companies with good ESG scores pollute as much as low-rat... by therealdrag0 on Saturday August 05, 2023 @02:38AM (#37009564)
This topic was discussed on freakanomics for those wanting an easy form.
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