The ESG "Cover Your Ass" Tour Begins As Managers Scramble To Remove References In Pitch Decks | ZeroHedge
"It's bad enough for "asset managers" that ESG stocks and funds are getting pummeled while people look for flights to actual safety, as opposed to unprofitable publicly traded trash with a shiny "green energy approved" label, but now these same managers are being forced to bury their heads in the sand to try and sidestep political scrutiny over their poor investing decisions.
...Fund managers are now doing damage control for their ESG pitches of years past, Bloomberg wrote this week:
Eleven major banks and money managers told Bloomberg News that they’re adjusting the language they use in pitch books, marketing materials and investor reports when seeking to sell funds and take part in financial deals...
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