ESG
Bill Winters says environmentallyconscious investing can be good for business .
And , while he recognises that “ some people are going quiet ” because of a “ toxic , times 10 ” atmosphere in certain parts of the world , he is not about to water down the bank ’ s ESG intentions , saying : “ I mean , I do want to wake up one day and have a planet so if that makes me woke , shoot me .”
Beyond big banking , other major companies appear unfazed by the noise around ESG commitments and investments .
Renata Jungo Brüngger , Member of the Board of Management , responsible for Integrity , Governance & Sustainability , Mercedes-Benz Group AG , says : “ Sustainability and ESG are integral to every aspect of our business , especially in times of transformation .”
Professor Fabrizio Ferraro , head of the Strategic Management Department at IESE Business School and academic director of IESE ’ s Institute for Sustainability Leadership , says the most likely impact of the “ anti-ESG noise ” is that companies will resort to “ quiet ESG ”, a more discreet approach .
Writing on cfi . co , he adds : “ But this distracting wave of anti-ESG sentiment won ’ t move the needle at a time of such seismic change . Climate change continues to be the most common reason for portfolio exclusions .
“ Despite stellar profits due to the Russian invasion of Ukraine , fossil fuels are increasingly being shunned .” sustainabilitymag . com 69