I am puzzled.

I understand and agree with the growing interest in ESG investing.

But, carbon emissions continue to grow and the world is far from a path consistent with keeping global warming below 2 degrees Celsius.

So, what is the point? Is ESG about virtue signaling and making investors feel good, or is it about achieving material change? Counting the amount of assets in ESG mandates is not the right metric if you care about the planet.