The Rise of ESG and the Future of Financial Regulation: Fireside Chat
Cato Event Podcast
00:00
Are There Any Questions in the Room to Ask Professor Demodoren?
Demodoren: The legally safe thing to do is disclose everything, even things that don't matter because nobody's going to ever sue you for reporting immaterial stuff. But you're going to get sued if there's something that happens after the fact that should have been reported. And I think that is exactly why I'm so skeptical about ESG. It returns no risk. Stop lying. If you want to tell me it's going to be low risk, at least do me the honor of saying, hey, you know what, it's low risk and low return in the long term.
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