Russell Campbell,

Thanks for visiting our blog and sharing your comment.
Indeed, it makes an interesting discussion whether and to what extent integrating ESG considerations can help generate alpha.
Recently, when we surveyed members of CFA Institute on this topic, responding to the question “Why do you take ESG issues into consideration in your investment analysis/decisions?” the highest proportion of respondents (63%) selected “to help manage investment risks.”
What David Blood is arguing is that integrating ESG analysis into long term economic analysis is about managing risks as well as finding opportunities, that is, it is about generating alpha.

Regards

Usman