https://blogs.cfainstitute.org/investor/2020/02/04/the-esg-debate-heats-up-four-more-challenges/
Investors and Managers: Now Join Hands.
As fires continue to ravage Australia, debates among environmental, social, and governance (ESG) investment professionals have been blazing as well.
One LinkedIn commentator, Dr. Raj Thamotheram, observed:
“There is so much ‘sdg washing’ and ‘impact washing’ going on at the moment, it drives me mad. We shouldn’t pretend that buying a share of XXX in the secondary market is changing the world. Change is slow and incremental. [My employer] isn’t perfect, we try to put our best foot forward, that inevitably leads us to be optimistic in describing what we do on ESG. But I try to be as brutally honest as I can. I’m amazed at how many peers say in the PRI reports that they do ESG integration across all asset classes 100%. Really? And if so, what does that actually mean?
“The answers aren’t easy but the challenge is urgent and CEOs of member firms need to mandate corrective action in 2020.
