I recently blogged about ESG “overperformance” — specifically, a research paper alleging that ESG targets are set at low enough levels that executives “reap their rewards even if ESG performance is not particularly strong.” The paper seemed to justify investor concerns about the lack of rigor and transparency surrounding these goals. At the end of last month, […]
ESG Metrics: Are Discretionary Immaterial Goals Akin to Greenwashing?