Source: www.romania-insider.com
The first ESG (Environmental, Social, and Governance) scores on the local capital market have been available since February 8 on the BVB Research Hub platform of the Bucharest Stock Exchange (BVB), at a time when ESG assets are increasingly in demand.
But the ESG rush is, on the other hand, seen as risky (due to lack of discipline in ESG investing), potentially arbitrary (due to wide discrepancy among ESG rating scores provided by different agencies) and very likely at the root of the next asset bubbles – given the rising “wall of money” chasing for a limited number of ESG stocks.
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