Al Gore’s Struggles With ESG Show the Messiness of Green Investing
If the former veep’s Generation investment firm has trouble meeting lofty environmental and financial goals, who can?
Thread: 1 of 4 about a #farce called ESG:
bloomberg.com
If the former veep’s Generation investment firm has trouble meeting lofty environmental and financial goals, who can?
Thread: 1 of 4 about a #farce called ESG:
bloomberg.com
The firm Gore co-founded has quietly minted some of the biggest profits in sustainable investing. Last year was tougher, though. Its biggest fund slumped 28%—similar to competing funds—as markets reeled from Russia’s invasion of Ukraine, supply chain shocks and inflation.
Eighteen of Gore's companies, accounting for 46% of the fund’s assets, showed emission increases from the first year of available data to the last. That was the highest of a dozen sustainable investment funds studied.
Some companies in the fund have reported lower emissions by buying renewable energy certificates, critics say do little to decrease overall carbon output.
Avoiding investments in high-emitting companies & setting net-zero goals, have minimal effect on overall carbon output.
Avoiding investments in high-emitting companies & setting net-zero goals, have minimal effect on overall carbon output.
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