Maybe not in China, but it does in America.
Sure ...
I work at a large ESG rated company, you? Its run the same as before ESG was popular investment strat, but as this study points out greenwashing is significant factor in a companies operations.
This paper shows that ESG scores capture a company's greenwashing behavior. Greenwashing accusations are most prevalent among large companies with high ESG scores. We empirically employ a novel theoretical model that distinguishes between the communication of a company's environmental efforts (apparent environmental performance) and its actual environmental impact (real environmental performance). The correlation of the apparent (real) environmental performance with ESG scores is significantly positive (negative). Therefore, ESG scores are unsuitable for measuring real environmental impact. Thus, investors focusing on high ESG-rated companies may unknowingly increase their greenwashing risk exposure, and academics may use misleading information to assess greenwashing risk.
www.sciencedirect.com
You believe the fantasy, ESG is nothing but boycotting companies that aren't playing the progressive game, now the companies are playing the game back.
Investors are the owners. If they're hurting anyone, it's no one but themselves, the willing.
Not until they invest. Thats the whole point of the ESG, is to attempt to change behavior of where to invest, and thus the companies. But as above points out, it doesn't work.
If they are the owners, then there's no need for an ESG score, the owners would just impose their will on the company.
Don't look now, but that's the job of EVERY board: to ensure following the tenets of the organization.
Yes the purpose of the board is to make sure investors (the owners make money) so the board looks at the investment community and sees ESG ratings, it has try to make available all the investments possible, without destroying the company.
So they create an ESG governance board, and it greenwashes the company's operations, makes reporting across the divisions, sets goals they don't meet.
ESG is an attempt at causing a Hawthorne effect for progressive initiatives, the issue is the generation of numbers isn't a direct but indirect process administered by the same organizations that do the reporting.
You must have really gotten slammed in 2008, how could the reporting agencies lie?
You really have no idea what a large corporation does, you speak like the professor in BackToSchool, you know all the buzz words, you don't know how anything gets done.
Men have no business competing in women's sports, Laura Mohr. Men have no business invading women's private spaces without consent, Laura Mohr.
Posted by BellRinger at 2026-03-20 11:01 PM | Reply
We aren't men you ignoramus.