Zero: The Climate Race Why (almost) everyone hates ESG right now
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Feb 27, 2025 Frances Schwartzkopff, a Copenhagen-based reporter covering ESG regulations, and Saijel Kishan, a New York-based reporter focused on ESG investing, tackle the current backlash against Environmental, Social, and Governance initiatives. They discuss the EU's rollback on ESG legislation and why many companies are quietly maintaining their ESG strategies despite skepticism. The conversation highlights the clash between U.S. and EU regulations, reflecting on the evolution of ESG frameworks and the financial implications for businesses navigating this complex landscape.
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Standardized Reporting
- The 1929 US stock market crash highlighted the need for standardized financial reporting.
- Lax regulations around earnings reports fueled the Great Depression.
ESG Origins
- ESG grew from negative events like pollution and worker mistreatment.
- It aims to hold companies accountable to society, not just shareholders.
ESG Rulemaking Challenges
- Creating robust ESG rules is complex due to data and cost challenges.
- Companies struggle to measure non-financial metrics and methodologies are new.