Opinion: Risk-management tools are not equipped for climate change and other systemic shocks. This is what ESG investors need to be ready.
With ESG assets projected to surpass $ 40 trillion this year, the US Securities and Exchange Commission is working to crack down on “greenwashing” funds that claim an ESG label but do not actually meet environmental, social or governance standards. The SEC recently voted to propose rules that would create consistency for ESG disclosures and…