ESG metrics do not correlate to low carbon footprint – study ...News

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ESG metrics do not correlate to low carbon footprint – study
Companies rated high on ESG score as low on eco-friendliness as ‘non-woke’ peers, Scientific Beta reports Corporations with high environment, social and governance (ESG) ratings cause just as much harm to the environment as their peers with low scores, according to research conducted by index provider Scientific Beta and published by the Financial Times on Monday.  “ESG ratings have little to no relation to carbon intensity, even when considering only the environmental pillar of these ratings,” Scientific Beta research director Felix Goltz told the Times, adding that “the carbon intensity reduction of green portfo

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