Quote:
Originally Posted by Table 5
I feel like ESG has become such a buzzword, that's it's lost all material meaning. Everyone now just uses it as part of their marketing material to make themselves look good.
It's funny though when you look at supposed ESG-focused Index funds (such as https://ca.finance.yahoo.com/quote/ESG/holdings?p=ESG), they are basically just made up of large-cap tech companies like Facebook and Amazon. Yes a company selling mostly disposable junk, treating workers like slave-like cogs, and putting everyone else out of business, is the epitome of responsible business. |
I don't think that this is the thread for this, but you're not wrong. There are some solid ESG mandates out there, and some PMs doing good work in that area. There is also a lot of green-washing though, and standardization is rather difficult. One of the complicating factors is that there are varying approaches to these issues. For example, if you want to focus on the environmental angle, are you investing in the terrible company that will make strides to improve, or the company that is already doing all the environmental things? That's a super high-level example, but it obviously is going to make your mandate entirely different.