Wednesday, August 2, 2023

The expansion of the the non productive regulatory business

'ESG ratings have little to no relation to carbon intensity': 'Green' companies with high environmental, social, and governance metrics pollute as much as low-rated companies, report finds

https://www.theblaze.com/news/esg-ratings-have-little-to-no-relation-to-carbon-intensity-green-companies-with-high-environmental-social-and-governance-metrics-pollute-as-much-as-low-rated-companies-report-finds

A report from the Financial Times revealed that a company's environmental, social, and governance score has "little to no relation" to its carbon emissions, noting that high-rated firms pollute just as much as low-rated firms.

Felix Goltz, a research director at Scientific Beta, told the Financial Times, "The carbon intensity reduction of green [ie low carbon intensity] portfolios can be effectively cancelled out by adding ESG objectives."


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