Sustainability Community

Interesting takes from Mr Buffet on ESG, amidst an increasingly hostile political environment for ESG in the US. Some say ESG is just good fundamental analysis which many have been doing for a while?

Have recent developments simply given this a formal title? Is the US backlash warranted, misdirected, misguided or a combination of all? 

Warren Buffett: We'll Never Waste Time And Money On ESG Reporting

hi Charles, thank you for sharing.

The UK and the EU have not experienced a broad political criticism of ESG as it seems. 

However, I thought about your post when I saw this article today describing Michael Gove's (Communities Secretary) speech at a conference organised by the Alliance for Responsible Citizenship (Arc).  Secretary Gove adressed the future of conservatism and said that "to insulate themselves from the envy, resentment and indeed sense of injustice that is out there", asset managers have "co-opted individuals from the resentment industry to be thier advisers on ESG, EDI, or whatever other acronymic shiled they wish to put up". Gove's speech is shared here

However ESG debate developes on both sides of the pond or in other geographies, one theme that is emerging seems to be this "What do we expect from companies, including investors, in a capitalism and which stakeholders should govern them and how".

Thanks