Esg

Germany just passed some of the most significant laws around ethics and its supply chain. Some people see it as a Trojan horse of bringing different social values into, so like if a local council wants to borrow money or that company,. It then has to conform to these various sort of social agendas. There was another interesting stat as well that you've got a Davos. There's a lot of talk about ESG and sustainability and environment and equality and diversity and tolerance. But since 2020, since the beginning of the pandemic, the richest 1% of the world have accumulated close to 2.3 of all new wealth. So what you're seeing is at the same time that corporates and governments