One of the main issues with ESG and linking it directly to real environmental impact is that there have never been objective data points. The environmental area of ESG is really more about policy and communications as opposed to what is happening on the ground. The lack of any real regulation around ESG has meant that it is at best subjective, with all sorts of ratings agencies vying for business with difference metrics and approaches, at worst it is possibly fraudulent, with wilful bending of the rules to obtain ESG scores. However, things might be changing. On the one hand regulato...
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