"LABELLING BASED on incomplete in-formation, public shaming, and shunning wrapped in moral rhetoric," said Hester Peirce, a straight-talking commissioner at America's main financial regulator, the Securities and Exchange Commission, in June. She was taking aim at the scoring systems that purport to assess firms' performance based on environmental, social and governance (esg) factors. Yet love them or hate them, esg scores are becoming ever more important in the world of investing and capital markets. At least $3trn of institutional assets now track esg scores, and the share is rising quickly. In America and Europe some politicians, bosses and investors want to shift away from measuring corporate performance based mainly on shareholder returns. Climate change is another catalyst. Christine Lagarde, the new head of the European Central Bank, thinks the institution should consider using monetary policy and bank supervision to fight climate change-a shift that would involve assessing which firms are dirtier than others. Mark Carney, the governor of the Bank of England, has championed better disclosures by firms on climate change. Chris Hohn, the head of tci, a London-based hedge fund famous for its hard-headed approach, has outlined plans to vote against the directors of companies that fail to reveal their carbon emissions.
展开▼
机译：美国主要金融监管机构美国证券交易委员会（Securities and Exchange Commission）直言不讳的专员海斯特•皮尔斯（Hester Peirce）于6月表示：“基于不完整的信息，公开羞辱和回避道德言论的标签，”。她的目标是建立评分系统，旨在根据环境，社会和治理（esg）因素评估公司的绩效。然而，不管他们喜欢还是恨他们，在投资和资本市场的世界里，例如esg分数变得越来越重要。现在，至少有3trn美元的机构资产追踪了esg得分，而且份额正在迅速上升。在美国和欧洲，一些政治人物，老板和投资者希望不再主要根据股东回报来衡量公司绩效。气候变化是另一个催化剂。欧洲中央银行新任行长克里斯蒂娜•拉加德（Christine Lagarde）认为，该机构应考虑使用货币政策和银行监管来应对气候变化-这一转变将涉及评估哪些公司比其他公司更肮脏。英格兰银行行长马克·卡尼（Mark Carney）倡导企业更好地披露气候变化。总部位于伦敦的对冲基金tci的负责人克里斯·霍恩（Chris Hohn）提出了计划，投票反对那些未能披露碳排放量的公司的董事。
展开▼
