INVESTORS MUST ASK HARD SUSTAINABILITY QUESTIONS: ft. "Without internal controls, internal audit and board oversight, disclosures — whatever the standard or framework used — are not worth much. Not so long ago, Volkswagen's reports promoted its green credentials and ambitions. We now know the data was wrong, the cost to investors significant, and six Volkswagen managers were charged with fraud." I don't think VW is an anomaly and the only corporation willing to mislead for the sake of market share openly.
Greenpeace said, "This is a golden age for greenwash," It is time to rethink sustainability and measure outcomes pragmatically. I believe many ESG, CRI, etc, professionals are frightened of opening up a pandora box exposing leaders of opinion highly skewed sustainability narrative.
