ESG: Trillions Squandered and Zero Progress

14/07/2023 46 min
ESG: Trillions Squandered and Zero Progress

Listen "ESG: Trillions Squandered and Zero Progress"

Episode Synopsis

Socially responsible investing hasn't changed anything while handing investors subpar returns. The envisioned benefits of ESG investing—owning companies that follow responsible environmental, social, and governance policies—have failed to materialize. Instead, the blind acceptance of ESG precepts has resulted in trillions of dollars being misallocated and zero progress toward its principle target: climate change. Terrence Keeley, author of Sustainable: Moving Beyond ESG to Impact Investing, shows how ESG got the ideology right and the methodology wrong.