ESG is a feel good scam - Aswath Damodaran
According to Bloomberg Intelligence estimates, ESG assets are poised to reach $41 trillion by the end of this year and exceed $53 trillion by 2025 He believes that ESG at its core, is a feel-good scam that is enriching consultants, measurement services and fund managers, while doing close to nothing for the businesses and investors it claims to help, and even less for society," Damodaran wrote in his blog. He said as Russian hostilities in Ukraine shake up markets, the weakest links in the ESG chain are being exposed, and a moment of reckoning is arriving for the concept. Amid concerns about climate change and social justice, ESG investing is fast becoming the hottest investment theme globally. According to Bloomberg Intelligence estimates, ESG assets are poised to reach $41 trillion by the end of this year and exceed $53 trillion by 2025. Read more at: https://economictimes.indiatimes.com//markets/stocks/news/its-a-feel-good-scam-aswath-damodarans-warning-on-...