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cover of episode The Deal Room: ESG Explained — Beyond the Buzzword (Part 1)

The Deal Room: ESG Explained — Beyond the Buzzword (Part 1)

2025/4/14
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Anthony Cheung
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Stephen Barnett
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Anthony Cheung: 我和ESG专家Stephen将讨论ESG的含义、历史、规模、投资策略以及面临的挑战，并探讨ESG是否已过时或比以往任何时候都更重要。我们还将讨论学生对ESG领域的兴趣以及在金融领域追求积极影响的职业生涯。 Stephen Barnett: 我将从ESG的历史背景开始，解释其概念的演变，以及金融危机和气候变化对ESG发展的影响。我会介绍不同类型的ESG投资策略，例如负面筛选、正面筛选、投资组合倾斜、ESG整合、股东互动、股东行动以及影响力投资。我还将解释为什么ESG投资如此困难，以及ESG评分体系中存在的问题。最后，我将探讨ESG投资中的哲学考量，以及投资者在个人利益和社会责任之间的权衡。 Stephen Barnett: ESG的概念起源于19世纪末的家长式资本主义，并在20世纪80年代的“贪婪是好的”的时代背景下得到发展。2004年，联合国正式提出了ESG的概念，并在2015年发布了可持续发展目标。全球金融危机和气候变化是推动ESG发展的重要因素。ESG投资策略包括负面筛选、正面筛选、投资组合倾斜、ESG整合、股东互动、股东行动和影响力投资。影响力投资更注重投资的社会和环境影响，通常涉及私营公司或项目融资。ESG投资面临的挑战包括缺乏统一的标准和衡量方法，以及不同机构的ESG评分差异巨大。此外，投资者需要在个人利益和社会责任之间做出权衡。在经济形势好的时候，ESG投资更容易被接受，而在经济形势不好的时候，投资者更关注自身利益。

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Is ESG just a buzzword or does it still matter? In this two-part episode, Anthony Cheung is joined by ESG expert Stephen Barnett to unpack what ESG really means, where it came from, and why it’s become so confusing (and controversial). From trillion-dollar funds to wind turbines on glossy brochures, they explore the good, the bad, and the misunderstood. 

Whether you're curious about impact investing, thinking about a career in sustainable finance, or just want to finally understand what ESG actually means beyond the acronym, this is the episode for you.

(00:00) Introduction to ESG and Its Importance

(05:43) The Historical Context of ESG

(12:22) The Size and Scope of the ESG Industry

(18:29) Understanding ESG Investing Strategies

(26:16) Impact Investing vs. ESG

(31:21) Challenges in ESG Investing

(37:16) Philosophical Considerations in ESG Investing Hosted on Acast. See acast.com/privacy) for more information.