The New RWE: A European Utility Transition – Massif Capital
Massif Capital believes that ESG investing has been misunderstood and mischaracterized (see our recent white paper: Failure to Impact). Rather than focusing on further integrating ESG variables into investment decisions, most ESG investing efforts have been titled in favor of labeling firms as either “good” corporate actors or “bad” corporate actors. This is a mistake. ESG investing is at its best when it is geared towards gaining a deeper understanding of how a company’s growth, returns, and cost of capital will evolve in a world of changing opportunities and in which previously ignored risks...