‘Lazy’ ESG Fund Managers Are Caught Swimming Naked as SVB Exposes

Bloomberg | Alastair Marsh and Saijel Kishan | Mar 14, 2023 Another market meltdown, and another costly lesson for ESG About 915 funds registered under European Union regulations as either “promoting” ESG or declaring it as their “objective” are exposed — directly or indirectly — to the now-collapsed bank, according to data compiled by Bloomberg.

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