In this discussion with Leon Gettler I talk about the ways in which ESG (the widening of investment mandates to take into account issues to do with the Environment, Social and Governance) can be dysfunctional. For instance policies to only invest in low emissions firms are unlikely to do much good and may do harm (by starving emissions-intensive businesses with investment funds which will generally be necessary for them to reduce their emissions intensity).
I argue that investment funds should share these dilemmas with those they invest for and involve them in a process for considering the issues and deciding on an acceptable way to resolve them. How should they do it? With a jury — selected to be representative of all those they invest for.
Economics: is complexity the answer?
Me, Margo Kingston and Peter Clarke on the Transit Zone
Chatting with Steve Austin about the Government's Wellbeing Framework
Elite Capture: Christianity Wrote the Playbook!
Changes to the RBA
Why ESG is a puppet show
How did we get from "How Can I Help" to "How Can Govt Help Me?
Risk: protecting the children or protecting the system? CEO on Disadvantaged youth
Promoting Wellbeing or Anti-thinking?
What a wellbeing budget would look like: Hint, not like Jacinta's budgets
The $100B lying on the pavement
Four ways to fix the world
Engines of Oligarchy: with Hugh Pope
Science: How it obscures reality
Talking with the ABC's Steve Austin about wellbeing.
Promoting Wellbeing or Anti-thinking?
Wellbeing: escaping the iron law of business-as-usual
Walking while chewing gum: Spurring innovation and fighting recession
Bureaucracy as oppression: The case of out of home care
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