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I agree with you in that any attribute which an investor is interested in can be certified by an agency willing to do the legwork. However what I do wonder is
by ac2u 12y ago
I agree with you in that any attribute which an investor is interested in can be certified by an agency willing to do the legwork.
However what I do wonder is how actually effective something so ambiguous is? and how much it would be gamed? This is after 2007-2008 when we find out that financial institutions were able to game the risk classification of investment vehicles despite being wrapped in supposedly ambiguity-busting red-tape.
- MrBuddyCasino 12y agoWell there are standards that can be checked against, and they go to the companies and talk to them. The good ones often already have CSR departments. If theres something shady happening, it is often not hard to find - there are lots of environmentalists and NGOs that regularly dig up dirt. Also, a company can't just fake a reputation. Not saying that nothing can be hidden, but its not just bits and bytes and paperwork that can be faked, its the real world.