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"Securities" Podcast: The ESG Mirage
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All our transcripts are made by human listeners and reviewed by our team for accuracy. Though we try hard to keep them error-free, there may be differences between the recorded audio and written transcripts. Please verify any statements in the audio before quoting in print.
"The activities of an extremely complicated phenomenon like a multi-national corporation cannot be reduced to five-star ratings, particularly on a definition as squishy as “Environmental, Social, and Governance.” Rather than trying to strengthen definitions or improve quantification, the industry needs to come to terms with a more basic reality: the mission is impossible, and its failure began before it even started. With this much moolah at stake, the world deserves better." - Danny Crichton
Lux Capital's "Securities" newsletter edition: The ESG Mirage by Danny Crichton
Produced and edited by Chris Gates