This should tell any of those ESG or climate change committed CEOs they can't win against these propagandists and demagogues!
So the indoctrinated and brainwashed claim corporate CEOs are greenwashing! What an irony!
This is about power and control over private businesses!
You are doomed if you do and doomed if you don't follow the fanatic, fundamentalist environmentalists dictate! You can never do enough! You can not win!
However, this rather futile balancing act by CEOs is damaging or hurting investors, the economy and much more!
Excerpted from an email of the The Bureau of Investigative Journalism:
"... Greenwashing – where organisations make unjustified environmental claims – is rampant. Last month, HSBC was told off by the advertising regulator for boasting about its target to do $1 trillion in sustainable finance by 2030, without mentioning the billions it still funnels to companies emitting high levels of CO2.
This week, in an investigation with BBC World Service, we revealed that even the finance that HSBC calls sustainable is funding the expansion of fossil fuels and other highly polluting companies. The brilliant Hannah Berry has produced a comic telling the story of our investigation and you can listen to the BBC’s Climate Question here.
One of the most egregious examples we found was a sustainability-linked bond that HSBC arranged for Yinson, which converts vast ships into floating oil rigs. It has contracted two of these out to mine the Campos basin – a project known as a “carbon bomb”. ..."
"... HSBC has committed to contribute up to $1 trillion in sustainable financing and investment by 2030. However, the Bureau can reveal that billions of dollars being counted towards this target are in fact helping to fuel the climate crisis. ..."
Mines, pipelines and oil rigs: what HSBC’s ‘sustainable finance’ really pays for
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