<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

The re-enthronement of capitalism: are ‘woke’ investment funds falling behind?

26 January 2022

12:00 PM

26 January 2022

12:00 PM

Over many years now, superannuation funds have been orientating their investments towards options that avoid unapproved Environmental and Social goods or Governance structures (ESG).

The governance part involves avoiding firms with boards and senior executives containing too many white males and, therefore, inadequate ‘diversity’. The Environmental and Social parts used to mean avoiding firms in the defence and tobacco industries, but the pariahs in the modern woke world are hydrocarbons – coal, gas, and oil.

Already a subscriber? Log in

Easter flash sale:
10 issues for $1

Subscribe this Easter and get the next 10 issues of the magazine, plus website and app access, all for just $1.

  • Weekly delivery of the magazine
  • Unlimited access to spectator.com.au and app
  • Spectator Australia podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock 3 articles a month

REGISTER


Comments

Easter flash sale: 10 issues for $1

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close