Study finds no link between ESG scores and financial returns

A new study finds there is no link between ESG ratings and financial performance, despite widespread belief to the contrary. Fraser Institute senior fellow Steven Globerman joined True North’s Andrew Lawton to break down his findings, and underscore the need for a more nuanced understanding of how environmental, social, and governance factors interact with financial outcomes.
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An original video production by True North Canada.

[@whenever-199iq]

All the perks to be had are likely all under the table..

[@hardcorepunk6115]

What I am surprised about is that the study didn't find that companies focused on ESG didn't have decreasing financial returns. I infer then that means the ESG companies are only paying lip service to ESG.

[@drizztcj]

or it means that paying attention to ESG doesn't cost more than it returns.

[@commonsensecraziness7595]

@@drizztcj No, it means the ESG score is completely detached from reality - which was already obvious to anyone not in your cult.

[@haplozetetic9519]

I wonder about that as well. Without more info, there's no way to know. I don't know what weight they put on actual outcome compared to investors' hopes and expectations, which could be very wrong.
For an example of what comes of ESG and DEI, look into Disney's value over the last decade. They put *THE* *MESSAGE* above everything else, including competence. They and other franchises such as Doctor Who, Star Trek, and Rings of Power have been destroyed by these practices.

[@truthteller6743]

I was a C student. Went to local college. Retired at 46. I don’t call it retired. I call it, I can do what I want.

[@ramboram03]

I took a graduate course in ESG and its complete Bull Shit , the professor was an asshole too

[@commonsensecraziness7595]

Did we really need a study to determine what is painfully obvious to observe?

[@vovin8132]

Yes, because this is actual evidence that contradicts non-sensical rhetoric that has only taken hold because it is repeated over and over as being something it is not.

[@drizztcj]

well, some people have been claiming that ESG is too expensive for companies. This disproves that, despite the Fraser Institute's bias

[@commonsensecraziness7595]

@@drizztcj Any unproductive cost is "too expensive".
ESG certainly qualifies.

[@drizztcj]

@@commonsensecraziness7595 well fuck any study results that don't support your opinion then, eh?

[@commonsensecraziness7595]

@@drizztcj You don't need a study to tell you that money spent on unproductive things results in a decrease in productiveness and less profit.
It has nothing to do with my feelings or opinions or anything else. It's literally just common sense.
But some people find thinking harder then others, obviously.
And by the way, I don't want to join your cult either.

[@weneedsenses]

mckinsey has gone public stating their advice was false and there was no research suggesting it helps. It's purely to appease investment firms

[@craigmccracken3104]

It's all a a bunch of BS