"Estimates by The Economist suggest that publicly listed firms, excluding state-controlled ones, account for 14-32% of the world’s total emissions, depending on the measure you use." https://www.economist.com/leaders/2020/06/18/green-investing-has-shortcomings

"corporate disclosure is so bad that [objective comparison] is impossible, at least for now. Instead, fund managers resort to using dubious ESG ratings, created by external advisers, that make subprime credit scores look like the gospel truth."

The thing is, EVERYONE knows that "ESG" doesn't have a concrete definition. Yet it's still referred to by countless institutions & experts as if it does. And worse, it's portrayed as a substantive way that finance can tackle climate change, racism, human rights abuses and more.

Important point on those numbers in the first tweet in this thread: https://twitter.com/kmac/status/1274895083637059584?s=20