Finance
Hedge Fund Boss Hohn Slams ESG Engagement as ‘Blah, Blah, Blah’
- Chris Hohn says continual emissions gains show ESG is failing
- People need to ‘wake up,’ Hohn says of ESG fund industry
Solar panels in the U.S.
Photographer: Justin Merriman/BloombergThis article is for subscribers only.
Famed activist investor Chris Hohn ripped into one of the ESG industry’s most popular strategies, known as “engagement,” characterizing it as all talk and no meaningful action.
“We should stop pretending and just be honest,” the chief executive of TCI Fund Management said on Thursday at the Bloomberg Intelligence ESG Investment Forum in London. “The acid test is actual emissions, are they falling or are they rising? And they’re rising. And that’s where the rubber hits the road.”