Environmental, societal and governance criteria: hit or miss?

<div>Sustainable investing is gaining in popularity as socially conscious clients consider environmental, societal and governance (ESG) criteria when deciding on potential investment. As a result, the financial world is offering more ESG compatible products on the market.<br> <br> </div> <div>While well intentioned, the ability and capacity of ESG criteria in corporate disclosure to achieve climate and social goals is questionable. Bruegel Director <a href="https://www.bruegel.org/author/guntram-b-wolff/">Guntram Wolff</a> hosts a debate between <a href="https://www.bruegel.org/author/tariq-fancy/">Tariq Fancy</a>, the BlackRock executive turned ESG whistleblower, and Non-resident fellow <a href="https://www.bruegel.org/author/rebecca-christie/">Rebecca Christie</a>, on whether sustainable investing will make the world a better place, and how it differs between North America and Europe.<br> <br> </div> <div>For more Bruegel research on sustainable finance, visit: <a href="https://www.bruegel.org/tag/sustainable-finance">https://www.bruegel.org/tag/sustainable-finance</a>. <br> <br> </div> <div>For Tariq Fancy’s essay, The Secret Diary of a ‘Sustainable Investor’, visit: <a href="https://medium.com/@sosofancy/the-secret-diary-of-a-sustainable-investor-part-1-70b6987fa139">https://medium.com/@sosofancy/the-secret-diary-of-a-sustainable-investor-part-1-70b6987fa139<br> </a><br> </div>