ESG is a compensations scheme, not an asset class
This week's newsletter dives deeper into the ESG Mafia after a former BlackRock executive speaks out against the movement. Thanks for reading!https://frontmonth.substack.com/p/the-esg-mafia-part-ii …
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The way I see it, ESG has a role in long term capital protection more than being an investment scheme. Your points about lack of accountability and lack of measurable metrics though is in my view the exact problem with it. A brilliant newsletter once again.
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