So, everyone should release reports for stakeholders and civil society to get their teeth into. Will increase corporate valuations by goodthought.
Antofagasta releases a tax report showing lots and lots of tax paid. Shares drop 5%.
So, everyone should release reports for stakeholders and civil society to get their teeth into. Will increase corporate valuations by goodthought.
Antofagasta releases a tax report showing lots and lots of tax paid. Shares drop 5%.
Must confess I feel that the company should be concerned with the welfare of the shareholders, not stakeholders.
If I was a vampire I’d be quite concerned about stakeholders.
Shareholders got a report that gave them more information about the company. Some of them read it and realised they should sell. Sounds pretty useful. Better than not knowing how much tax the company paid and over-valuing it.
James Lindsay has written and spoken quite a bit about the disaster that is ESG:
https://twitter.com/conceptualjames/status/1499042489084354565
https://newdiscourses.com/2022/05/the-esg-cartel-new-discourses-bullets-ep-6/
“So, the value of ESG is what?”
It may result in share prices for non-compliant firms being lower. I may be looking to invest in a couple of years, perhaps in oil, gas, coal, uranium, booze, fags, weapon makers, and usurers. Is there any other anti-woke line of business anyone would like to suggest?
When did language get turned upsidedown like this? Stakeholders were those that hold the stakes on behalf of participants – a completely neutral party not involved in the proceedings, so trusted by both sides. When, and how, did it turn into those that have a stake in the proceedings, ie, completely the OPPOSITE of neutral intermediary?
@dearieme
“Is there any other anti-woke line of business anyone would like to suggest?”
Bookies
In a similar vein from Bjorn Lomburg:
“Blackrock ESG investment is surprisingly similar to its S&P 500
But it charges 5x as much in fees
No wonder, capitalists love talking ESG
The Many Reasons ESG Is a Loser by @andykessler
wsj.com/articles/esg-l…”
https://twitter.com/bjornlomborg/status/1546396434286657538?s=21&t=2_Gx0DgRn4xvaxfGXf9lzA
BiND,
“Fees on ESG Aware are 0.15%, their basic S&P500 tracker charges just 0.03%.”
Woke-scam aside, isn’t it incredible how far fees have fallen? Twenty years ago you’d have been paying well over 0.5% for a basic index-tracker.
“Bookies”: thank you, samuelbookie.
Comments are closed.