When it comes to what big business is doing to address climate change, corporate leaders would rather not talk about it.has become a cultural flashpoint in the United States, the term “ESG” has been practically expunged from the corporate lexicon.
Now, some companies seem to be distancing themselves from their own initiatives, at least partly as a result of theThat doesn’t mean they are backing away from spending on their environmental commitments. By a range of measures, the energy transition is accelerating, while more and more companies are signing on to emissions-reduction targets.
Many investors are by now familiar with greenwashing, whereby companies exaggerate their own environmental credentials.There are, however, some constructive reasons for the lack of ESG chatter by management teams these days. A maturing of sustainable investing over the past few years has made basic green initiatives at the corporate level less novel and newsworthy.
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