Investors must be more critical of ESG funds, Georgieva to keep IMF role
Wednesday 13 October 2021 – Vol.12 Ed.41.3
Commentary: Over half of ‘low-carbon’ ESG funds are exaggerating claims
By John Plender in London
Investors around the world have an insatiable urge to invest in environmental, social and governance-orientated funds. Yet whether these funds will deliver on the ESG promise is another matter. Fund management groups have commercial imperatives as well as fiduciary obligations. That can cause them to overstate their sustainability credentials – a practice known as greenwashing.
Read the full commentary on the website.
Commentary: Everyone loses in debate over Georgieva’s tenure
By Mark Sobel in Washington
IMF Managing Director Kristalina Georgieva will continue in her role following allegations of data manipulation while at the World Bank. But this will tarnish more than Georgieva’s reputation. It has long been argued that the US/European duopoly of the IMF and World Bank is outdated and not fit for purpose. Committing to ending this duopoly could reinvigorate the reputations of the international financial institutions and their global relevance.
Read the full commentary on the website.
