Vorsprung durch Grünwasch

geenwashing DWS ESG 11 2021 Handelsblatt

Ersparen Sie Grün?

Im ewigen Kampf um die relative Kapitalisierung freut Bloomberg sich am Reputationsschaden einer populären Deutschen Grünwaschanlage. Trotz Kreditschwemme ist der Job der Vermögensverwalter nicht einfacher geworden. Der Anleger erwartet zwar Bitcoinartige Gewinne, möchte aber nicht mehr im Sklavenhandel stecken, zumindest nicht wissentlich, da das zu unangenehmen Schlafstörungen führt.

So versprechen seit einiger Zeit die Sklavenhändler so bald wie möglichst keine Sklaven mehr zu handeln. Statt dessen möchte man sich ganz auf die Produktion von sklavenfrei gebauten Sklaventransportern konzentrieren. Der weiterhin notwendige Sklavenhandel wird aus dem Portfolio an rückständige Anleger in gewissenslose Grenzgebiete exportiert. Sollten Verzögerungen in der Externalisierung der Sklaverei dazu führen dass man notgedrungen weiterhin Sklaven handelt, soll jeder Sklavenhandel durch einen Freihandel ausgleichend entschädigt werden. Für jeden Sklaventransport wird ab sofort eine freie Ferienreise für Sklavenangehörige angeboten!

…”…there’s a small problem, and there’s a big problem. The small problem is that many of these funds are mislabelled. They claim to do one thing, but you know, you dig underneath the hood and you know, they’re mislabelled, or they’re playing fast and loose. But that’s the minor problem.

The major problem is that even if they’re labelled correctly, they don’t have any real world impact. For me to create real world impacts, it’s about regulating the real economy. Put it this way, if you want less carbon emissions, you’d be better off putting a carbon tax on all the actual emitters of carbon. If you make an underlying business activity less profitable, less capital will flow there…”…

financialpost.com GG-ESG 27/10/2021 Ex-BlackRock executive Tariq Fancy

Schaunen Sie genauer auf die Realitäten jenseits von Propaganda und Polemik:

Artikelsammlungen zu ESG und Grünwaschen


Kleine Artikelauswahl


bloomberg.com 23/11/2021  Deutsche Bank’s Rising Star Has a Rapid Change of Fortune – DWS greenwashing investigations have cast an unwelcome light on Asoka Woehrmann, and on Deutsche’s asset-management ambitions.  By Steven Arons , Saijel Kishan Tariq Fancy, Larry Fink, Greta Thunberg


handelsblatt.com 27/10/2021 Greenwashing-Vorwürfe: DWS engagiert Star-Anwältin in den USA – Der Vermögensverwalter legt gute Quartalszahlen vor. Doch die Greenwashing-Vorwürfe stehen weiter im Raum. Derzeit arbeitet ein ganzes Team an einer Lösung. Astrid Dörner, Yasmin Osman, Anke Rezmer


financialpost.com  27/10/2021 Ex-BlackRock executive Tariq Fancy on Larry Fink, Greta Thunberg and why ESG won’t save us – Baby boomers are not in the climate-change fight in the way Greta Thunberg’s generation is –  by Gabriel Friedman

….” Q: But during your tenure at BlackRock, lots of investors started to seek out funds or companies that claim to have an Environment Sustainability and Governance or ESG focus. From inside BlackRock, what’s the difference between the message that corporations are sending about ESG and what you think is actually happening?

A: I think the fundamental challenge is that even if corporations want to do that they can’t because the system is structured in a way to maximize profits and very often maximizing profits means doing something that is not good for society, including contributing to climate change. Companies will say that they’re doing stuff — I don’t call them liars. I would say that whatever they’re doing has to serve some purpose of the business and add shareholder value, otherwise, they really wouldn’t be doing it. And if there’s no one telling you and actually validating what it means to be green, or to be sustainable, then you have a race to the bottom where every company and every participant wants to say they are doing it. To the extent that companies can do things on the margin under the guise of ESG, which I think is definitely possible, in some form they probably have been doing that for decades. The problem with ESG, as you could see in the last number of years, is it grows alongside inequality and carbon emissions and all the things that it’s meant to address. So on the margins, I think CEOs can do something and stakeholder capitalism has some relevance, but it’s not something we can rely on for society’s most important challenges. And I’d argue those are inequality and climate change.

… Q: You have said that the U.S, and Europe are starting to look into definitions of green. Are you optimistic that this could mark a sweeping rule change that would help create a market solution?

A: No, I’m not. I think there’s a small problem, and there’s a big problem. The small problem is that many of these funds are mislabelled. They claim to do one thing, but you know, you dig underneath the hood and you know, they’re mislabelled, or they’re playing fast and loose. But that’s the minor problem.

The major problem is that even if they’re labelled correctly, they don’t have any real world impact. For me to create real world impacts It’s about regulating the real economy. Put it this way, if you want less carbon emissions, you’d be better off going and putting a carbon tax on all the actual emitters of carbon. If you make an underlying business activity less profitable, less capital will flow there…”…


ideas4development.org/en/real-dependence-gdp-fossil-fuels/

mckinsey.com/industries/electric-power-and-natural-gas/our-insights/the-decoupling-of-gdp-and-energy-growth-a-ceo-guide

ä ö ü Ä Ö Ü