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.