Bloomberg Speed Mentoring in collaboration with TARA: Interesting conversation with female University for ASIA/ME & Europe

A ESG panel discussion on Why are ESG Metrics Critical? That moderated by Laudy Lahdo one of TARA Advisor.  The pandemic has exposed many vulnerabilities in society, amplifying the need to reinforce ESG values. The next generation, as producers, consumers, investors, and decision-makers are going to drive the change. A 2019 survey by Morgan Stanley’s Institute for Sustainable Investing found that 95% of millennials are reinforcing the idea that sustainable investing will be the new normal for the near future

The esteem panellist were:

Emmanuel Laurina – Head of ME & Africa state Street Global Advisors

Michael Rautmann – Global Head of Emerging and frontier Markets, Refinitiv

Florence Fontani – EVP Strategy, Communications, ESR, ENGIE

Concluding thoughts:

  • As the ESG dialogue develops further, there is a serious concern about ESG greenwashing. For instance, three of the largest 12 ESG funds with combined assets under management of US$85bn still have exposure to oil & gas groups such as ExxonMobil, Chevon and ConocoPhillips. Northern Trust World Custom ESG Equity index fund has more than 50 investments in oil and gas groups totalling US$213m, according to Morningstar, more than any other of the large ESG funds analysed in our data set by number of oil & gas investments.

Photos from ESG Panel discussion: