“The companies that score the highest on ESG metrics… means the likes of financial services, healthcare and digital are ‘green’. By contrast, companies that produce building materials, fertiliser or energy are ‘brown’… when brown companies are starved of capital, they become dirtier to avoid bankruptcy.”

[COMMENTARY] The results of the study referred to in this article provide more reasons for funds to hold shares in ‘brown’ or ‘dirty’ companies. As shareholders, they can encourage corporate management towards ESG and sustainable activities.
Let’s be honest, ESG investing will actually hurt the environment, by Matthew Lesh, June 29, 2023, CITY A.M., UK.