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This is the second in a series of articles looking at The State of ESG, which will also be the focus of a panel at the forthcoming RI Europe conference, June 14-18
Ever since Blackrock’s former head of sustainable investing, Tariq Fancy, wrote an article last month criticising sustainable finance, the floodgates have opened on critiques of corporate sustainability writ large.
An industry-wide auto-immune reaction has been triggered, with former sustainability professionals accusing ‘Sustainability Inc.’ of being “oversold” and even “complicit” in the destruction of social and environmental value.
The articles all raise some excellent points, and the underlying theme of them all is on-point; notably that it is high time for governments to legislate this stuff. However, without wanting to add more swelling to the reacti…