Cam Simpson
Non-financial metrics are becoming important drivers of investment decisions, but the goal is to sustain profitability not to help the planet or its people.
MSCI, the largest ESG rating company, doesn’t even try to measure the impact of a corporation on the world. It’s all about whether the world might mess with the bottom line.
Taminco illegally sold enough MMA for Mexican narcos to make $3.2 billion worth of methamphetamine. For that, it paid a fine of just $1.3 million—in one of the only prosecutions of its kind ever.
Tetra Technologies wanted to boost sales of calcium chloride, a compound with lots of commercial applications. Now Colombian drug lords are asking for it by name.
First the U.S. resisted tough regulation of acetic anhydride. Then, tragically, Mexico did.
A $324 jug of acetic anhydride, made in Mexico by a publicly traded American company, is enough to produce 90,000 hits of high-grade “China white.” The cartels are getting as much as they want, and also using it to cook meth.
The odds were long against the Leave campaign, but the men around Nigel Farage somehow came up winners.
Private polls—and a timely ‘concession’ from the face of Leave—allowed the funds to make millions off the pound’s collapse.
Twenty-five years ago, U.S. tech companies pledged to stop using chemicals that caused miscarriages and birth defects. They failed to ensure that their Asian suppliers did the same.
Two companies. Both sell beds. One stock surged on the election news. One plummeted.
