ESTea #17 15/09/2021 The carbon price of bulls***

There’s only one thing worse than greenwashing – green bull****ing.

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ESTea #13 23/07/21: Spotlight on: The Children’s Investment Fund

The Children’s Investment (TCI) Fund is one of the world’s most prominent ESG-concerned hedge funds, and often forms the vanguard of investor activism on ESG issues – especially around the environment and climate change. Despite the fact that they were never established as an activist, nor a climate-change fund – TCI have emerged as a preeminent and highly successful activist fund.

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ESTea #12 19/07/21: When I say ‘Climate’, you say ‘yes’

So-called ‘Say on Climate’ votes are quickly becoming an important element of company AGMs across the world.

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ESTea #11 12/07/21: Is ESG investing driving inflation?

It seems that 2021 will be dominated by two key themes: green investing and the fear of runaway inflation. The two themes may be linked, with a two-year surge in investment being partly to blame for the simultaneous increase in both prices and wages.

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ESTea #10 05/07/21: The hard things about green things

One day I’d like to spin this article out into a much longer discussion of the difficult ethical and technical problems when it comes to the environment – in particular climate change caused by carbon emissions. The following is just a starting point.

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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.

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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.

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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.

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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.

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