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[–]ClassroomPast6178 6 insightful - 3 fun6 insightful - 2 fun7 insightful - 3 fun -  (3 children)

Not surprised that Captiv8 is feeling the pressure, they must be concerned that A-B is preparing to sue the shit out of them for fucking up - as you should do to anyone who gives you professional advice/service that leads to a disaster.

Good advice for anyone who provides professional advice or a service, make sure you have sufficient professional liability insurance to cover any claims against you and the costs of defending them in court.

[–]Q-Continuum-kin 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (2 children)

as you should do to anyone who gives you professional advice/service that leads to a disaster.

The thing about these types of companies is that it's a huge percentage of bullshit. The fact that it can even be considered "professional advice" is funny. So much of it is just them chasing a fad and pretending it means something. Thing is that their whole industry is predicated on keeping that illusion in place so that creates a ton of downstream effects if they either admit it was just nonsense or the industry is now perceived as nonsense.

[–]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.