We continue our analysis of all things green by looking deeper at the operations of a core mechanism directing cash flows into sustainable investments: ESG. What is ESG? How does it work? You think you know? You assume you understand it? Does the acronym stand for environmental and social governance? Or does it actually stand for environment, social, and governance? Would you believe that the placement of “and” makes all the difference? If there is confusion about the very acronym, then what other things are not what they seem with these ESG metrics, ratings, and indexes? You’ve confronted cynicism? Not like this you haven’t.

Stuff we reference:

••• The ESG Mirage https://www.bloomberg.com/graphics/2021-what-is-esg-investing-msci-ratings-focus-on-corporate-bottom-line/

••• The Wall Street Consensus at COP27 | Daniela Gabor https://www.phenomenalworld.org/analysis/the-wall-street-consensus-at-cop27/

••• Neoliberalizing Space | Jamie Peck, Adam Tickell http://overgaardtonnesen.dk/TEKSTERNE/03-Peck-Tickell-Neoliberalizing-Space.pdf

••• Fossilised Capital: Price and Profit in the Energy Transition | Brett Christophers https://www.tandfonline.com/doi/full/10.1080/13563467.2021.1926957

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Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)