Over the past few years, sustainable investing—which is based on the theory that subjective environmental, social and governance or ESG factors should drive corporate policy and investment decisions—has swept across Wall Street, spurred on by the United Nations, sovereign governments and financial regulators and cheered on by academics, environmental activists, social justice warriors and the media. To date, there has been little public resistance or analytical pushback as the ESG orthodoxy has integrated itself into almost every corner of the financial markets. By 2030, the iron curtain of sustainability will have fully descended across Wall Street.
The Sustainable Investment Scam is meant to provide a detailed rebuttal to the case for sustainable investing from the perspective of a long-time Wall Street analyst and investor and latter-day finance professor. Sustainable investing is a scam because it is not about generating excess return
