Co-evolution is a richer concept than simply evolution, because it takes a whole system viewpoint, emphasizing the interdependence between each part. This is a useful way to look at current developments in ESG investing.
collieesg Archives
Asset managers will continue to struggle with ESG until they take an honest look in the mirror
To paraphrase the old saw: if you only understand the financial implications of ESG factors, then you don’t understand the financial implications of ESG factors. Only once this is recognized can a firm begin to develop an effective ESG program.
The problem with money (and the battle for the soul of ESG investing)
Money’s effectiveness as a unit of account makes it tempting to treat it as the sole proxy for all value. It isn’t.
The implications for investors of net zero and the energy transition
Since the Paris Agreement came into force in 2016, more than 100 governments have set net zero emissions policies, and the corporate sector has responded with policies of its own. The implications of this reach every part of the investment portfolio.
Response to the DOL’s proposed rule on prudence and loyalty in selecting plan investments and exercising shareholder rights
This post links to comments submitted to the US Department of Labor regarding their proposed rule on prudence and loyalty in selecting plan investments and exercising shareholder rights
Carbon pricing is a pro-market move. If you believe in markets, you should be fighting for it.
A belief in markets should not be dogmatic like a belief in Santa Claus; it should be based on a clear understanding of the necessary conditions for markets to serve the overall good, and a clear understanding of what can cause them to fail.
The Financial Times says ESG investing is dangerous. I disagree.
It is wrong to attack ESG as a smokescreen, distracting from effective policy action. Public policy is the highest priority, but it alone will not be enough. We need investor action too. Don’t write off every investment manager as irredeemably part of the problem.
Are externalities a financial or a non-financial consideration for an investor? Either way, they’re a big deal.
The rise of ESG investing, to a large extent, boils down to an increase in the attention being paid to externalities.