ESG is not only fiduciary irresponsibility, it is based on junk science, so it is also a fraudulent suicide pact forced on society.
Indeed. ESG is a future financial crisis in embryo. It requires a cynical ethos to game the system to obtain good ESG scores from the ratings decision makers. Just like buying good ratings from Moody’s and S&P prior to the crisis of 2008 covered up the disaster in coming, so will this entirely new basket of ratings based on little but (purchasable) woke opinion gin up the next catastrophe.