Asia Times 22/05/2025
"(...) The United Nations' Sustainable Development Goals (SDGs) — the world's shared commitment to dignity, equity and sustainability — face a deepening financing gap. Developing countries need over $4.2 trillion annually to meet them, but only a third is being mobilized. And among all the capital flowing through Environmental, Social and Governance (ESG) funds, only about 10% reaches initiatives that meaningfully impact the SDGs.
The rest is theater – a repackaging of comfort, not a redirection of conscience. A study by Scientific Beta in 2021 found no meaningful correlation between ESG scores and actual carbon emissions, reminding us that what looks sustainable on paper often remains extractive in practice. (...)".
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