Most people assume that ESG Investing is designed to reward companies that are helping the planet. In fact, ESG ratings which underlie ESG fund selection are based on “single materiality” — the impact of the changing world on a company P&L, not the reverse....
READ THE ARTICLEAntónio Guterres told ministers from 40 countries meeting to discuss the climate crisis on Monday: “Half of humanity is in the danger zone, from floods, droughts, extreme storms and wildfires. No nation is immune. Yet we continue to feed our fossil fuel addiction.
”He added: “We have a choice. Collective action or collective suicide. It is in our hands.”
The Human Capital Project is a global effort to accelerate more and better investments in people for greater equity and economic growth. As of February 2022, 83 countries at all income levels are working with the World Bank Group on strategic approaches to transform their human capital outcomes.
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"...impact investing does have the same challenges as any other kind of ESG investing, in that clients face the risk of being left over exposed to a narrow range of sectors..."
