As ESG’s scope and penetration increased in 2022, so too did the decibels of debate. Surging inflation, the reverberations of the war in Ukraine, the energy crunch and global recessionary angst have called into question the value of ESG considerations, forcing policymakers to reconsider the rank of importance in the energy trilemma pillars – affordability, security and sustainability. Yet, we view louder deliberations and pockets of pushback as indicative of ESG’s burgeoning relevance and a natural and necessary step in its maturation.
Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA), discusses MUFG’s ESG 2023 outlook that was published earlier this week (see here for the full report).
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