ESG as it stands, grounded in disclosures and voluntary market action, will not deliver the change needed to combat climate change and social inequality. Researchers have suggested a new approach, ‘competitive sustainability’, which places execution – not intention – at its core. The Financial Times covers the story.
The Institute of International Finance (IIF) has published a corrective of what it sees as ‘harmful misunderstandings’ surrounding the role of the finance industry in the energy transition. Wall Street bosses say their priority is delivering financial returns for clients, and energy transition investments will only be undertaken if they’re considered profitable. Bloomberg covers the story.
