7 Matching Annotations
  1. Sep 2022
    1. how many people have seen curves that look like these progress against time right everywhere reading 00:48:14 scores test scores people love these yay oh no yay oh no it's bad because our 00:48:32 nervous system is only set up for relative change and in fact there's cause for cheering if that's the threshold but in fact for reading 00:48:43 threshold is this this is all oh no doesn't matter whether it goes up or not because there are many many things that where you have to get to the real 00:48:58 version of the thing before you're doing it at all in the 21st century it doesn't have help to read just a little bit you have to be fluent at it so this is a 00:49:09 huge problem and once you draw the threshold in there immediately converts this thing that looked wonderful into a huge qualitative gap and the gap is 00:49:20 widening and we have two concepts that are enemies of what we need to do perfect and better right so better is a 00:49:36 way of getting fake success we had improvement see it all the time it's the ultimate quarterly report we had improvements here and perfect is 00:49:51 tough to get in this world so both of those are really bad so what you want is what's actually needed and the exquisite skill here which I'm going to use these 00:50:06 two geniuses Thakur and Engels to labor it I'm going to call that the sweet spot the way you make progress here is you pick the thing that is just over that threshold that is qualitatively better 00:50:21 than all the rest of the crap you can do you can spend billions turning around and once you do that you widen up you give yourself a little blue plane to 00:50:34 operate in and for a while everything you do in there is something that is actually going to be meaningful

      !- similar to : climate change solutions - Good metaphor for climate change progress

    1. But do ESG ratings really deliver on the promise? Are highly-ranked ESG businesses really more caring of the environment, more selective of the societies in which they operate, and more focused on countries with good corporate governance? In short, is ESG really good? The answer is no.

      black box

      opaque score

  2. Feb 2022
  3. Nov 2021
    1. just because ESG is about virtue signalling and risk management, does not mean it is meaningless. On the contrary, the very fact that company executives feel the need to “signal” ESG virtues shows how the interplay of digital transparency and shifting social norms is creating a feedback loop that cannot be ignored. If that encourages companies to change strategy, say by cutting carbon emissions, it is good. If it puts pressure on governments to make crucial reforms, like introducing a carbon price, it is even better, particularly if companies are shamed into demanding such policy actions.

      Also, aren't ESG standards and goals are supposed to ratchet up as time goes on?

  4. Aug 2021
    1. A material sustainability issue is “an economic, environmental, or social issue on which a company has an impact, or may be impacted by,” according to New York University, and may also affect stakeholders’ decisions with respect to the company.

      Materiality covers issues which the company impacts and is impacted by. The latter is often forgotten by stakeholders outside the company but is equally important to a company's sustainability.

      Materiality needs to be defined together with stakeholders, but who are the (local, regional and global) stakeholders for a company?

  5. Jun 2020