Story of the Week: June 2021

"Claiming to be environmentally responsible is profitable” but advancing “real change in the environment simply doesn’t yield the same return.

Most ESG investing is a ruse to launder reputations, maximize fees and assuage guilt.

The role that investors can play is to even more strongly reward these companies, the leaders, by prioritising investment towards them over others,” he said. “By making them a must-hold part of their portfolio.

How does that help the world to reach the Paris [climate] accord? Those mines are going into the hands of other players who have no intention of reducing Scope 3 emissions and if anything gives them a free hand to start producing more.