I would like to see not the 'free market' dictate how it happens - I would like to see companies that harm their investors end with their ceo/cfos perp walked out and arrested.
I want to see companies remember they have a fiduciary duty to their investors.
Investors live on earth. Climate change will incurr extremely high costs on anyone living on earth. Therefore it is part of their fiduciary duty to fight it for any company in the world.
In a more cynical way, ESG is a way to try to escape tougher legislations that would impact revenues in a larger way, and so is also part of the fiduciary duty in that sense.
Note that fiduciary duty already does not force companies to outsource to China even if that would save some money and increase benefits.
Grow up, these climate changes will happen, the companies can make the appropriate changes now (early), or they can hold off and be forced to comply or die by governments.
mijamo|3 years ago
In a more cynical way, ESG is a way to try to escape tougher legislations that would impact revenues in a larger way, and so is also part of the fiduciary duty in that sense.
Note that fiduciary duty already does not force companies to outsource to China even if that would save some money and increase benefits.
OrangeMonkey|3 years ago
In some countries, I have seen what you are saying becoming more and more pronounced. In Western Europe, specifically, you are seeing it.
I imagine the upcoming cold winter in Germany and the scramble to secure supplies at any cost for their citizens will help fix this issue.
Orothrim|3 years ago
OrangeMonkey|3 years ago
Or, since your account is only 88 days ago, I guess create a new account.
I don't bother replying to the "substance" of troll comments.