COENRAAD BEZUIDENHOUT: Grasping the nettle to fix ESG’s uninspiring sustainability track record

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COENRAAD BEZUIDENHOUT: Grasping the nettle to fix ESG’s uninspiring sustainability track record
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in which an elite conspiracy risks global annihilation, motivated by greed.

But chemical companies subsequently leant into regulation to secure exemptions from pre-market testing and information-sharing on thousands of harmful chemicals, on which they still defend lawsuits to this day. The perpetrators are judged “medium” ESG risks, and nine chemical companies made it onto the influential Investor’s Business Daily top 100 ESG performers for 2022.

Consider high emitters, which often justify their continued existence against the job losses their demise would incur. The tensions they cause generate real inertia among asset managers, consultants and lenders. ESG fund managers then often withhold detailed information from institutional investors under the pretence of commercial sensitivities. Financiers often appeal for debate and duck for cover.

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