Europe Falls For ESG And Its Idiocracy

Georges van Hoegaerden

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Cyril Demaria, head of private markets at Wellershoff & Partners, a long-term connection, was interviewed by Hannah Wise from CNNMoney Switzerland on the validity of the legislation of ESG adopted in Europe, as we just recently did here in U.S. Congress.

In the interview, Cyril expresses his reservations about ESG with Hannah, who asks remarkably poignant questions.

Here are three golden quotes I lifted from the interview, that should make everyone think twice, or read my damning articles on the idiocracy perpetuated by ESG:

  1. “ESG is never clearly defined, there are as many definitions as people looking into it.”
  2. “It is easy to assess ESG is a multi-trillion dollar market, the reality is you can easily pepper your product with some sort of E, S, or G and then say you are ESG compliant and declare it as a product.”
  3. “We care about [ESG] ratings as long as they tell us what we want to hear, and then the cookie crumbles when reality catches up.”

The reality is, the belief in ESG is incompatible with nature’s principles, and will cause serious damage and an accelerated anthropogenic cascade, which is quite the opposite of the do-goodery ESG or and other versions of sustainable investment products portray.

To no surprise, since financiers know little about the evolutionary precepts that define what is good for the earth, and humanity. I launched masterclasses to address that problem, so I suggest you do not wait until I have to tell you “I told you so”.

 

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