This piece also highlights another issue that this is not ESG but CSG. The E is overwhelmingly focused on climate. Even when there is climate-focused actions, they come at a cost of other E elements which are overlooked. Renewables often have irreversible ecological impacts causing permanent changes to rivers and habitats, and they may not be well adapted to climate change.
Climate is a long term issue and can be ignored when investments have short term horizons. But there are other environmental and social issues that have significant immediate costs (and opportunities) – pollution and safety issues with huge health costs, labor issues etc. The stage has been stolen by climate.
ESG is a good and necessary approach, but devil can be in the details, and scrupulous actors can abuse it for greenwashing. It's all reputation based, and correct "ingredients" labelling. I also do believe that people have the right to invest in what they want, and the AM market is allowed to grow to cater to that. Btw, Gen Zers are not against capitalism, they just want it to work for them, like everyone else does, and to not ruin the planet and mess up their long-term future, especially since most of them will still be around way past 2050.
Those who live in Penthouse residences in Manhattan, City of London, Singapore blah, blah, blah. Always looking for a new game. Using their wealth acting like they care. Without OIL there would be silence. Remember, the Robots need electricity. Their private jets need fuel. These poodles in charge of ethics? What about the war/ military complex?
Why did the ESG 'Party' end so suddenly? Common sense realized it was merely a trendy buzzword used to create subjective opacity for overpaid fund managers.
14:50 Desiree Fixler holds a factsheet into the camera that has a big sticker on the top stating "ESG Laggard"…while accusing that Wirecard was rated exceptionally good.
FT has lost a lot of credibility by giving such people the spotlight without even scrutinizing the "evidence" their whistle-blowers provide. FT's due diligence process on the information that is provided to them seems to have significant gaps!
I pick ETFs having a minimum amount of petroleum companies. And I couldn’t care less what you call them. The idea of “ESG” is unnecessarily complicated. Just avoid petro companies.
The primary job of a PM is to achieve high and stable returns for clients over the years. To accomplish this, valuation is key: buy low, sell high—it's that simple. With that said, ESG is just one of many factors to consider for this purpose before making any invesment decisions. A good investment is the one that can survive and sustain itself long enough to make any changes it committed to or stated before, not by blood-sucking from investors' fortunes—just like most of the companies claiming to follow this "ESG" trend.
These people make investing seem like it's all about ESG: high ESG is good, and low is bad. That's too risky and irresponsible for the client's wealth.
Totally a joke. There is enough evidence that Nord stream pipeline was blown up by Ukraine to drag Europe into war. Also, the main culprit is US and it's obsession to unilaterally control the Oil market (safeguarding it's post colonial economic empire). Overthrowing democratically elected governments is a mainstay of US foreign policy. But these "experts" have the Audacity to "teach" non white world that how they are responsible for all the Chaos.
‘Solar you can capture and store it…’ no talk of the absolute crap ton of batteries you would need for storage. The reason we ship petroleum all over is we can store it. As a person who supports green energy, some of these talking heads don’t help their causes.
Nonsense. What they realized is that when customers wanted a true ESG portfolio they found that not one company in a capitalist system can possibly be ESG. How embarrasing! So now they want to blame everyone else. We absolutely must insist on ESG for every company on the planet. The fact that they are not ESG is an appaling admission of failure and an acknowledgement that current economic system will result in catastrophe.
It was the financial services people, especially the Economist , the Financial Times who killed it. I demanded an ESG portfolio from my financial advisor , then criticized them for obviously not following basic ESG principles. Eg DeutcheBank is profoundly corrupt. The simply dumped my portfolio and refused to manage it. Shocking to me. So now i understand that ESG as a descibed by portfolio managers is just a scam. For concerned investors it is absolutely not a scam. Proving that negotiating with the fox that is already in the chicken house is pointless. And capitalism has proved it is fundamentally a disaster for us all. My experience shows that ESG is actually impossible because EVERY company they wanted me to invest in, failed in even a basic test on one of the three E or S or G. The ESG scam was a big fail for the financial services industry .. and you are just trying to pretend it was the consumers fault. Pathetic and dishonest.
35 comments
Meanwhile our governments are saying NO NO NO to cheap, well-made Chinese EVs that can really HELP save the planet… Go figure…
Robinson Jose Davis Michelle Anderson Scott
64667 Skylar Ports
This is one of the most openly stupid documentaries I have ever seen in my life.
This piece also highlights another issue that this is not ESG but CSG. The E is overwhelmingly focused on climate. Even when there is climate-focused actions, they come at a cost of other E elements which are overlooked. Renewables often have irreversible ecological impacts causing permanent changes to rivers and habitats, and they may not be well adapted to climate change.
Climate is a long term issue and can be ignored when investments have short term horizons. But there are other environmental and social issues that have significant immediate costs (and opportunities) – pollution and safety issues with huge health costs, labor issues etc. The stage has been stolen by climate.
Aufderhar Island
ESG is a good and necessary approach, but devil can be in the details, and scrupulous actors can abuse it for greenwashing. It's all reputation based, and correct "ingredients" labelling. I also do believe that people have the right to invest in what they want, and the AM market is allowed to grow to cater to that. Btw, Gen Zers are not against capitalism, they just want it to work for them, like everyone else does, and to not ruin the planet and mess up their long-term future, especially since most of them will still be around way past 2050.
Willhemina
wow so you really just going with russia did it, huh? drank all the koolaid, did ya?
Those who live in Penthouse residences in Manhattan, City of London, Singapore blah, blah, blah. Always looking for a new game. Using their wealth acting like they care. Without OIL there would be silence. Remember, the Robots need electricity. Their private jets need fuel. These poodles in charge of ethics? What about the war/ military complex?
Robinson Susan Perez Maria Miller Jeffrey
ESG is a scam.
funny how these capitalists predict a sooner end to capitalism than any of my socialist friends
Why did the ESG 'Party' end so suddenly? Common sense realized it was merely a trendy buzzword used to create subjective opacity for overpaid fund managers.
Ahhh this is what Industry based the season on
very interesting, thanks
ESG was always a pipe dream, because reality.
ENVIROMENT, SUSTAINABILITY,
GOVERNANCE.
What does ESG and AI have in common?
14:50 Desiree Fixler holds a factsheet into the camera that has a big sticker on the top stating "ESG Laggard"…while accusing that Wirecard was rated exceptionally good.
FT has lost a lot of credibility by giving such people the spotlight without even scrutinizing the "evidence" their whistle-blowers provide. FT's due diligence process on the information that is provided to them seems to have significant gaps!
Who killed the ESG party? Reality.
I pick ETFs having a minimum amount of petroleum companies. And I couldn’t care less what you call them. The idea of “ESG” is unnecessarily complicated. Just avoid petro companies.
Hernandez Cynthia Wilson Larry Hall Sandra
,
I will say E still have a certain amount of economic benefits. S and G? well😗😗
The primary job of a PM is to achieve high and stable returns for clients over the years. To accomplish this, valuation is key: buy low, sell high—it's that simple. With that said, ESG is just one of many factors to consider for this purpose before making any invesment decisions. A good investment is the one that can survive and sustain itself long enough to make any changes it committed to or stated before, not by blood-sucking from investors' fortunes—just like most of the companies claiming to follow this "ESG" trend.
These people make investing seem like it's all about ESG: high ESG is good, and low is bad. That's too risky and irresponsible for the client's wealth.
The moment when British American Tobacco has got a higher ESG score than Tesla
Totally a joke. There is enough evidence that Nord stream pipeline was blown up by Ukraine to drag Europe into war. Also, the main culprit is US and it's obsession to unilaterally control the Oil market (safeguarding it's post colonial economic empire). Overthrowing democratically elected governments is a mainstay of US foreign policy. But these "experts" have the Audacity to "teach" non white world that how they are responsible for all the Chaos.
‘Solar you can capture and store it…’ no talk of the absolute crap ton of batteries you would need for storage. The reason we ship petroleum all over is we can store it. As a person who supports green energy, some of these talking heads don’t help their causes.
Nonsense. What they realized is that when customers wanted a true ESG portfolio they found that not one company in a capitalist system can possibly be ESG. How embarrasing! So now they want to blame everyone else. We absolutely must insist on ESG for every company on the planet. The fact that they are not ESG is an appaling admission of failure and an acknowledgement that current economic system will result in catastrophe.
It was the financial services people, especially the Economist , the Financial Times who killed it. I demanded an ESG portfolio from my financial advisor , then criticized them for obviously not following basic ESG principles. Eg DeutcheBank is profoundly corrupt. The simply dumped my portfolio and refused to manage it. Shocking to me. So now i understand that ESG as a descibed by portfolio managers is just a scam. For concerned investors it is absolutely not a scam. Proving that negotiating with the fox that is already in the chicken house is pointless. And capitalism has proved it is fundamentally a disaster for us all. My experience shows that ESG is actually impossible because EVERY company they wanted me to invest in, failed in even a basic test on one of the three E or S or G. The ESG scam was a big fail for the financial services industry .. and you are just trying to pretend it was the consumers fault. Pathetic and dishonest.
NICE VIDEO
You simply can't ask an unethical system structured to keep increasing profits to keep increasing profits being ethical.
Ethics is just not part of capitalism hence trying to be ethical in a capitalistic system doesn't work, it doesn't make money.
The part they left out, since ESG was forced on us prices of everything have gone up astronomically.
Companies are not the solution to anything good
Лавандос сам идёт тебе в руки)