by Tyler Durden
Wednesday, May 05, 2021 - 08:10 PM
BlackRock made a big stink about Warren Buffett s resistance to a pair of shareholder proposals to mandate ESG and diversity reporting standards across Berkshire Hathaway s vast business holdings. Buffett ultimately prevailed, as he has in past years, but the backlash this year was more vocal,
with a team of Reuters reporters writing that Buffett s ESG snub risks alienating Wall Street.
While some insist that ESG is the way of the future, others contend that it s more of a fad. Some purveyors of tradeable carbon credits have been accused of selling worthless offsets, revealing that the system is actually pretty complicated, and auditing whether these credits are actually behaving as advertised could be a resource-intense endeavor.