Quote:
Originally Posted by XutvJet
You couldn't be more wrong. ESG is going nowhere and most shareholders expect/demand companies to be good stewards of the environment. The increase in ESG services during mergers and acquisitions has been exponential over the past 5 or so years. I work directly in international M&A. ESG is often a M&A evaluation task of the private equity and large publicly held companies I work with. It's only increasing and is one of the largest growing sectors in my firm, book of business wise.
You can say otherwise but I work in this arena. I see and work in it daily.
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It's costing stockholders money by fostering stupid decisions, companies are most definitely reacting to that heat. The dumbest metric on Schwab is its ESG scale. Stock buyers actually use it as a reverse scale. The higher the company score, the less desirable it is to buy, ironic.