The only thing FT Alphaville gets more press releases about than crypto is ESG. It’s not even close. ESG is without a doubt the biggest prey of our never-ending quest to reach Inbox-0.
Other people do have more substantial complaints about the hottest asset management thing since the Dutch trader Abraham von Katich Decided to set up an investment pool. Elon Musk, for example, thinks that ESG is “fraud“.
FTAV is not quite there yet, but it has some sympathy with Difficult situation That Deutsche Bank’s DWS found itself at the forefront of ESG. And there are signs of a counter-brewing reaction, both outside The investment industry and inside, as demonstrated by Careful support That Stuart Kirk of HSBC received after his ostentatious heresy.
This is not unexpected. There is hardly an issue where the high public rhetoric in Plutiny is more contrary to private claims than the ESG. Even some typical financiers who passionately believe in the need for draconian action in climate change and social cohesion will quietly admit that the hype surrounding ESG is excessive. But no one thinks things will change, so we are left with situations like ExxonMobil and Saudi Aramco Present their existing certificates.
Elsewhere on Wednesday. . .
– Why Claude Shannon was Great in Wordle. (dose)
– Desperate for Allocations of the Flag Fund, Allotments struggling to say no to satellite fundraising. (Institutional investor)
– Manmohan Singh on Role of stablecoins And their impact on the financial system. (Mercatus Center Podcast)
Travel is what it is Maintaining empty offices. (WSJ)
Dominic Cummings Disassembled About Boris and Carrie Johnson. (Remove herd)
The Bank of England is trying Predict financial crises With neural network. (Bank Underground)
Birding has saved one human life. Maybe it can save us all from climate change? (Border)
– Baby formula Accusations game. (new Yorker)
Further reading | Financial Times Source link Further reading | Financial Times