• Gustavo Bernal Torres

Team ESG fights back

Responding to the most popular counterarguments to FT's piece about Tariq Fancy and the case against ESG


  • ESG investing is a form of risk management. This is by far the most common response. It says: ESG strategies outperform because they bet on companies that are prepared for risks that other companies miss. This argument drives me absolutely nuts. Money managers are in the risk management business. Do we think they have not noticed that, say, California is on fire?

  • You trust the politicians, not business people, to get big things done? HA HA HA. Government does get things done, when citizens drop their cynicism. And while I’m at it, I’ve met a CEO or two I wouldn’t let babysit my dog.


Source: https://www.ft.com/content/df51be3e-c9e1-44f1-8d78-91584c049d9d

0 comments

Recent Posts

See All

A green-finance boom has not been followed by bust. This year’s greenwashing scandals, and investors’ relaxed attitude towards them, have demonstrated an important truth: that there is money to be mad

Evidence from Environmental Integration and Sin Stock Exclusion. This paper shows how sustainable investing—through the joint practice of exclusionary screening and environmental, social, and governan