Finance Media Monitor | 8.10.23



S&P has switched from numbers to narrative when rating ESG factors. It is a welcome move to focus on a clearer qualitative assessment of investments instead of complex, sometimes contradictory scores across different parts of a company’s activities. Investors have found S&Ps numerical ratings confusing and a report from the European Central Bank found that ratings agencies do a poor job of assessing and explaining climate risks. Reliable, transparent information on the environmental impacts of investments is key to reducing greenwashing, but that hasn’t stopped opponents of sustainable investing from celebrating a victory over the “ESG scam.” 





  • Philip Pilkington posted: The new capital embargo is just geopolitical ESG. If American capital doesn’t flow into a Chinese VC it will be underpriced and Indian, Russian, or European capital will flow in. Biden admin don’t understand basics of financial markets. Embarrassing.
  • The North Carolina Department of State Treasurer account posted: State Treasurer Dale R. Folwell, CPA, will be on @TheBigMoneyShow on @FoxBusiness today at 1:10 p.m. to discuss @BlackRock‘s “wacktivism” and why Environmental, Social and Corporate Governance (ESG) initiatives are bad for state investments. #ncpol #ncga #ncleg #esg #blackrock
  • Eric Balchunas posted: New study finds ESG investing actually hurts efforts to cut emissions (bc good S & G scores can offset a bad E)


  • August 23-25: Global Research Alliance on Sustainable Finance and Investment 2023 Annual Conference. Register here
  • August 24-26: The Federal Reserve Bank of Kansas City 2023 Economic Policy Symposium “Structural Shifts in the Global Economy.” 
  • September 17-24: Climate Group Climate Week NYC. View list of events here
  • September 20: UN Climate Ambition Summit.