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Javier Blas

ESG Is So, So, So Yesterday: Elements by Javier Blas

Tight supplies and high commodity prices are pushing it lower among shareholders’ priorities.

Climate activists from Extinction Rebellion hold a banner during protests in London in 2021. — Climate activists from Extinction Rebellion hold a banner during protests in London in 2021.
Photographer: Hollie Adams/Bloomberg

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August 5, 2022, 11:21 AM UTC

Hi, this is Javier Blas with today’s edition of Elements, Bloomberg’s new energy and commodities newsletter. We bring you a daily mix of commentary from Bloomberg Opinion writers and the best of our market-leading news coverage. We hope you’re enjoying it, and if you haven’t yet signed up to get it direct into your inbox, you can do that here.

Few companies have been as toxic as Glencore Plc for hard-core ESG investors. The Swiss-based commodity giant is the world’s largest exporter of coal, the biggest contributor to climate change.