The ESG Hype Is Showing Signs Of Fatigue ...Middle East

OILPRICE - Economy
The ESG Hype Is Showing Signs Of Fatigue
source : OILPRICE ( Middle East ) () 39
  Earlier this month, Vanguard, the world’s largest asset manager, quit a net-zero banking alliance saying it wanted more independence and more clarity about its ESG commitments to investors. Then, a week later, HSBC, the UK-based, developing world-focused lender, announced it would suspend direct financing and advisory services to new oil and gas projects, bowing under the pressure of shareholders and environmental activists. The two events seem completely unrelated, but they are signs of things to come: fractures in the ESG investment…

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