Bear market realities will follow politics’ ESG moment

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The ESG forces that swept capital swept the election. But action on climate will need to be balanced with a new regime of rising inflation and interest rates.

and ushered in a teal wave of independents. After all, they’re the same forces that have transformed the business sector in the past five years.

The parallels with Scott Morrison and the Coalition are striking. The long-held Liberal Party view that economic management decides elections – the political equivalent of financial performance – was blown apart as the teal independents, the Greens and to a lesser extent LaborIndeed, some might see a little irony in the fact many of the Coalition warriors who have accused the business community of

But the business community has long called for higher emissions reduction targets, and many of our biggest companies have stronger, better articulated climate change plans than the country has.Further, most Australian companies are already living with the challenges and opportunities of climate change.

 

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This time, to combat rising inflation, part of what we have to do is to re-configure worldwide supply chains, so as to keep our reliance on China to the absolute minimum.

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