3 ms·
Also, there's evidence that moving investment from polluting to non-polluting industries at best has almost no impact, and potentially makes things worse: http
by MostlyStable 3y ago
Also, there's evidence that moving investment from polluting to non-polluting industries at best has almost no impact, and potentially makes things worse:
https://www.icpmnetwork.com/wp-content/uploads/2023/07/Counterproductive-Sustainable-Investing-the-Impact-Elasticity-of-Brown-and-Green-Firms.pdf https://www.icpmnetwork.com/wp-content/uploads/2023/07/Count...
- FormerBandmate 3y agoEurope defunded their oil and gas industry and only great things happened from it. Just ask Ukraine The only way to stop pollution is to consume green. That’s it. The Saudis and the Russians don’t care about ESG
- deleted 3y ago[deleted]
- brmgb 3y agoEurope never defunded its oil and gas industry. I have no idea of what you are talking about. Germany used to buy Russian gas. The European oil industry is mostly in France and the UK (and Norway). Anyway ESG never was big in Europe and is now entirely dead. The EU mandates far better reporting in the CSRD and the texts linked to the european green taxonomy with actually meaningful KPIs and financial data having to be disclosed. A quick look at the gap between ESG scores and EU Green taxonomy alignment results will tell you all you need to know about ESG scores by the way. They are meaningless.
- therealdrag0 3y agoThis topic was discussed on freakanomics for those wanting an easy form.