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The ESG story begins with a meeting convened by the UN Global Compact program in 2004. ESG ratings are questioned, accusations of greenwashing are proliferating, and debate about the purpose and integrity of ESG investing is ongoing. Whoever Cares – Wins. This often leads decision-makers to focus on the wrong question.
Hoops knows what he’s talking about, as his predecessor was the first major CEO to be fired for greenwashing after DWS’s Frankfurt offices were raided by 50 German police and financial regulators this June in relation to an investigation into DWS’s potentially misleading claims about the ESG-friendliness of their investments.
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