Baseless virtue signalling
27.09.2024 – Articles
Key findings from Pitchbook’s sustainable investment survey.
The results are based on a survey of 527 participants across the alternative fund space, including VC, investment consultants, funds of funds, and private wealth and family office investors. Responses were also gathered from placement agents, company operators, bankers and educational institutions.
Eyebrow raisers
64% reported that they believe that ESG equates to baseless virtue signalling
“ESG is a total fraud.” —North American investment consultant
“I truly believe that ESG is one of the worst things happening to the USA and the world, undermining personal freedoms and economic stability…” —North American investment consultant
Increased ESG and impact adoption
64% of respondents incorporate ESG factors into their investment process.