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Companies exploiting ESG loopholes for public image


ESG ratings don t mean what you think
3
Loose framework for granting high ESG ratings creates false impression
published :
26 Dec 2020 at 04:04
PTTEP s Bongkot offshore gas block in the Gulf of Thailand.
Environmental, social and governance (ESG) ratings and sustainability stock indices based on ESG scoring have become the hot new trend among retail and institutional investors, allowing them to evaluate companies based on sustainability and social development instead of simply profits and losses. ESG funds promise long-term growth as governments around the globe promise to scale down emissions to combat climate change.
But in practice, the loose framework for granting high ESG ratings has allowed companies with holistically negative impacts on the environment to populate domestic and global sustainability indices and funds, while expanding production of not-so-sustainable activities such as coal mini ....

Madhya Pradesh , United States , France General , Chris Cantwell , Krisada Sektrakul , Phillip Morris , Pipat Yodprudtikan , Tara Buakamsri , Banpu Plc , Thai Union , Dow Inc , Thaipat Institute , Gulf Energy Development , Stock Exchange Of Thailand , Krungthai Asset Management Plc , Government Pension Fund , Exchange Commission , Sustainable Development , Lockheed Martin , Stock Exchange , Thailand Sustainability Index , Dow Jones Sustainability Index , Paris Climate Accords , Paris Accords , Krungthai Asset Management , Development Report ,

The Weekly Round-Up #576 With Post Americana #1, Barbalien: Red Planet #2, Rorschach #3, Star Wars: Darth Vader #8, Rai #10 & More Plus The Week In Music!


Best Comic of the Week:
Post Americana #1 – Steve Skroce returns with a new series set after the fall of the American Empire.  A secret government facility has been housing the remnants of the military, and a bunch of rich people, who are now ready to pull a First Order, and take over the Wasteland.  A small group tries to stop them, and two escape.  At the same time, a young woman is discovered by a tribe of cannibals and scavengers, who go to investigate the crash of the vessel the first two men escaped in.  This is an irreverent look at post-Apocalyptic society, which owes as much to Garth Ennis’s Crossed as it does to movies like The Omega Man, and it’s kind of fun.  Skroce is a great artist, and writes to his strengths, so there’s a lot to enjoy here. ....

United States , Gabriel Hern , Daniel Tommy , Omega Red , Patsy Walker , Matthew Tavares , Rick Remender , Matthew Tavares Leland Whitty , Bill Sienkiewicz , Michael Korvac , Jeff Lemire , Cleo Sol , Leland Whitty , Keaton Henson , Ben Grimm , Ed Brisson , Tate Brombal , Steve Skroce , Jonathan Hickman , Adam Osidis , Chris Cantwell , Nehisi Coates , Al Ewing , Mike Huddleston , Vita Ayala , Raffaele Ienco ,