Two experts debate the pros and cons of ESG

ESG has become a buzzword on Wall Street as companies face pressure from investors to be more transparent. Christian McCormick, Allianz Global Investors senior ESG strategist, and Hal Lambert, founder and CEO of Point Bridge Capital, join "Squawk Box" to discuss.

[AmazingKevinWClark]

The bigger issue is what and who determines your company is making the "right" choices.

[ninjaartist]

ESG is social credit score!!! And I know this guy was like "We don't punish people, " but he's lying!!!

[adamsmith]

Allianz sells overpriced insurance products so what do you expect.

[quambafu]

ESG is subjective and doesn't offer the objective measurements an investor or employee needs to make financial decisions. Leadership will pursue ESG because their compensation packages are determined by it.

[kingcountyband]

Christian McCormick sounds pretty upset that JP Morgan and others want to invest in ESG lol I guess we know where he has his money.

[ttt-umqm]

Wish they would actually let them finish their debate why only let them talk for a few minutes then cut them off

[eddywinata]

I agree that the issue is important, but I think the emphasize of implementing ESG on wall street is a bit misleading and also inefficient.
Misleading because, I think that the most ESG efficient countries are the developed countries with advance capital market system like the US, while the less ESG efficient are countries which are not developing with their capital market system like China and India. So putting Emphasize on wallstreet with ESG is a bit misleading since they are actually the frontiers of ESG implementation already in their business practice without shareholders getting into the activism of it.
Inefficient because, since I think that non developing countries are the main problems with what the ESG is trying to solve for, and knowing the fact that market care less about making changes in China and India with Human Rights Violations by focusing manufacturing in third world countries, I have very minimal expectation that you would or could do anything about ESG implementation in these countries as well.
It all becomes like a gimmick and cool thing in wall street, but its really useless.

[tobiaskohler]

What happens if a company deliberately misrepresents its ESG credentials and its main customer - investor has based its investment decision on a certain statement or set of results? Should that customer be informed?

[tuanchau]

Chamath the fraud calling out other frauds LOL

[larrybethune]

So how is ESG marketing working for Target and AB in 2023?

[PaulyWC]

Bomb makers have a better score than Tesla? Its political!

[oltlvfm]

Two pros are full of chit.

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[TheHauntedKiwi]

"Created MAGA ETF." LOL it has a 0.72 expense ratio.

ICLN has a 0.46 expense ratio and is up 142% 1year while MAGA is up a measly 7.26% over 1 year. SAD!

[jaredishmael]

The rise in ESG has coincided with a slump in the global economy…. Any relationship possibly 🤔

[bendrew]

Invest in a coal company these days....there's your answer!

[chrisburton]

Chamath calling anything a complete fraud is pot kettle

[hp_]

Okay ESG hope you will bail out Ford and Adidas and Starbucks and Miller and Boy Light.

[dseer]

It statistically has proven to identify more stable companies, and therefore it decreases cost of capital.
Increases the valuation - so this is why these people care. That's all.

[buickmaninc]

bro look like the Donald Trump of mid-management

[raultoro]

We are becoming too stupid to function.- neal a.