If you are the type of person who is loth to invest in firms that pollute the planet, mistreat workers and stuff their boards with cronies, you will no doubt be aware of one of the hottest trends in finance: environmental, social and governance (esg) investing. It is an attempt to make capitalism work better and deal with the grave threat posed by climate change. It has ballooned in recent years; the titans of investment management claim that more than a third of their assets, or $35trn in total, are monitored through one esg lens or another. It is on the lips of bosses and officials everywhere.
Harper’s Magazine, August 2022 – The Next Front in the Fight to Choose, Marilynne Robinson on the Roots of American Liberalism, Is Christopher Hitchens Still Worth Reading?
Even as temperatures soar Europe faces a bitter energy crisis later this year
There may be a heatwave in Europe, but winter is coming. It promises to be brutal and divisive: the energy crisis is rapidly worsening as Vladimir Putin strangles gas supplies https://econ.st/3aJz3ir
A selection of three essential articles read aloud from the latest issue of The Economist. This week, why the Democrats need to wake up and stop pandering to their extremes, Europe’s winter of discontent (9:50), and why bottling white wine in clear glass is an error (18:09).
In this issue, Kim Tingley on the quest to make the most of our body clocks with “circadian medicine”; Virginia Eubanks on her partner’s PTSD and her struggle as a caregiver; Mark Binelli on Yuval Sharon, the most visionary opera director of his generation; Jake Bittle on the restaurateur who changed America’s energy industry; and more.
The hype about TikTok is justified—and so are the concerns. There’s a reason why the world’s most exciting app is also its most mistrusted https://econ.st/3bQE9JX
Ukraine won the short war. Now comes the long war, and so far, Russia is winning. But it does not have to be fought on Vladimir Putin’s terms
Ukraine won the short war. Mobile and resourceful, its troops inflicted terrible losses and confounded Russian plans to take Kyiv. Now comes the long war. It will drain weapons, lives and money until one side loses the will to fight on. So far, this is a war that Russia is winning.
In recent days its forces have taken the eastern city of Severodonetsk. They are advancing on Lysychansk and may soon control all of Luhansk province. They also threaten Slovyansk, in the north of next-door Donetsk. Ukrainian leaders say they are outgunned and lack ammunition. Their government reckons as many as 200 of its troops are dying each day.