What is ESG investing?
— ESG investing involves considering environmental, social, and governance factors in traditional investment strategies to create "green" products with additional social and environmental benefits.
What are the concerns about ESG and CSR?
— Concerns include the lack of clear definition, subjective measurement of social factors, and the use of ESG labels as a form of box ticking due to legal restrictions.
How does ESG impact the financial industry?
— ESG fails to address misaligned incentives and distracts from the need for systemic change in the financial industry.
What is the role of government in ESG and CSR?
— Government regulation is necessary to enforce mandatory regulations and create widespread change, as relying on voluntary actions and private market incentives is insufficient.
What is the speaker's skepticism towards sustainability and ESG investing based on?
— The speaker's skepticism is based on their background in academia, banking, and working for a distressed investment firm, leading them to question the effectiveness and impact of ESG investing.
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