Ad Agency Responsible For Dylan Mulvaney Bud Light Campaign In ‘Serious Panic Mode’ After Sales Crash

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[–]newguy 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

It's not fad following, they're getting a better ESG rating from the big banks for pushing these ideas, which means they get cheaper and easier loans to keep their business afloat... that's why all the corporations are doing it in near lockstep, because it's the most profitable move, because that's the incentives created by the big banks

[–]ClassroomPast6178 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Thankfully ESG is beginning to fall out of favour amongst the large institutional investors. There have been a number of articles in Forbes, WSJ, FT etc that indicate that investors haven’t been impressed with the returns they’ve been getting using the ESG ratings as a metric.