The tenacity of ESG investing
A green-finance boom has not been followed by bust
The standard story of 2021’s green-finance boom goes something like this: in a phenomenon that reached fever pitch a year ago at the cop26 convention in Glasgow, a lot of investors lost their heads. A potent cocktail of cheap money and sanctimony fuelled a boom in environmental, social and governance (esg) investing, during which asset managers and bankers pitched themselves as environmental saviours.
This article appeared in the Finance & economics section of the print edition under the headline “The tenacity of ESG”
From the November 19th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania