Just in case anyone missed it: 21 July 2024, was the hottest day ever recorded.
And at the same time, a worrisome trend is that the demand for ESG (environmental Social Governance) roles is declining. The ESG label, which emerged two decades ago only to be hyped by Wall Street and then attacked by Republican politicians, is now being scrubbed from investment products and job titles. While some US firms are sticking with ESG, others say the label has been diminished. Some have replaced ESG in analysts’ job titles with the words “sustainability and transition.”, some banks have also reorganized their ESG team and merged the group’s activities with clean energy.
Sources: Mike Z., Bloomberg
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