Bloomberg (March 20)
2022/ 03/ 21 by jd in Global News
Paul Clements-Hunt coined the acronym. ESG. He now thinks “the ESG fund industry is headed for a ‘shakeout’ over the next five years.” In successfully attracting trillions of dollars to these investments, “the finance sector has ‘sprinkled ESG fairy dust’ on products that do little to account for environmental, social and governance risks.” These and other shenanigans will increasingly come into “jeopardy.”
Tags: Clements-Hunt, ESG, Fairy dust, Finance sector, Fund industry, Investments, Jeopardy, Risks, Shakeout, Shenanigans
