Tag ESG

ESG – Time for a Complete Rethink

ESG is a marvellous concept appallingly executed. To understand how it’s gone wrong I recommend Tariq Fancy’s rant about his time as Sustainability CIO at Blackrock. To figure out how we actually deliver climate-change mitigation, social amelioration and better corporate governance, and avoid these lofty concepts being hijacked and suborned by business and finance interests, we need to replace the carrot of ESG with the stick of Carbon Taxes and Corporate Legislation. Time to get real and dispense with ESG claptrap.

Be very suspicious of banks declaring diversity goals

Don’t be fooled by thin summer markets – the world has changed, markets no longer take August off. Yet, finance changes slowly - for all the talk about diversity it’s taking generations to change the mindset and sense of entitlement that underlies markets. Maybe a good shock will be no-bad-thing – but banks making statements about their diversity ambitions should be treated with suspicion.

Watch the Weather – it’s the No-See-Um that could roil markets

The dramatic global weather seen in June could be a wake-up call for us all. Green-bond huggers and ESG-compliant investment committees are determined to do the right thing to get us carbon neutral by whenever, but the climate crisis may be upon us now… which means we need immediate solutions – like insurance and how to mitigate the enormous and escalating potential costs of weather events like “heat-domes”, storms, flood and drought. Today. Not Tomorrow.  

Interesting week that was…

The successful mass pushback on the European Super League may seem a minor issue contained in the sports arena, but it highlights growing voter dissatisfaction with politics, wealth inequality, questions who will pay for funding recovery, and just how much longer the speculative bubbles can continue as the world changes.