ESTea #9 28/06/21: Your investment portfolio is a carbon nightmare.
If you’re above 35 and live a developed country, almost certainly the worst thing you did for the environment last year was having money in carbon intensive retirement, ISA and investment funds.
ESTea #8 21/06/21: No Cristiano Ronaldo didn’t wipe $4bn off Coca-Cola’s market cap
This story went around almost all the major news outlets over last week. The story goes that, due to the reputation damage from Cristiano Ronaldo’s moving of a Coca-Cola bottle, the Coca-Cola brand was so damaged that they ‘lost $4bn of value’. The Guardian, The Telegraph and The BBC all credulously reported this claim over the second half of last week, with outlets like The Financial Times wisely steering clear.
ESTea #7 14/06/21: Cornwall Consensus or Carbis Delay?
This week’s newsletter is a close reading of the output from last week’s G7 meeting in Carbis Bay, Cornwall. These ‘Communiqués’ are traditional, formal but important statements published both by the organiser of an event (‘The G7’) and then republished or reiterated by the individual attendee nations.
ESTea #6 07/06/21: Hiring for ESG
With ESG a growing theme at almost every financial institution, investor, and fund – there is a growing battle for the best ESG talent with no obvious answer of how that demand is going to be filled.
ESTea #5 01/06/21: Wherein the author defends some ‘green’ hedge funds that invest in oil companies
It’s a tale as old as time. Monkey see band wagon, monkey get on the band wagon.
ESTea #4 24/05/21: ExxonMobil AGM Pressure
On May 26th (this Wednesday), Exxon’s AGM will bring to a head the last year of activity from proactive, environmentally-minded shareholders.
ESTea #3 17/05/21: Papa Musk Delivers the ESG Tendies
This was the week were Bitcoin got its bad boy image back – partly because it puts out more carbon dioxide than a small country countries, but mainly because a billionaire playboy (come playadult) tweeted about the previous fact.
ESTea #2 10/05/21: Setting off from basecamp
We’ve been doing some work here at Edgefolio to see what the world of ‘ESG’ funds really looks like. With our Fund Platform technology we’re in a unique position to be able to search through our database of 150,000+ funds, looking for fund names and descriptions with the most popular ‘ethical’ investing terms.
ESTea #1 04/05/21
As this is the inaugural ESTea newsletter, it’s going to be a short one. Let me start by explaining why we have this newsletter and blog, what we think it might become, and what you can expect.