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Ratings agencies measure ESG metrics in the same way, right? If not, why might they differ and what does it mean for investors? In this episode of the All Angles podcast, MIT Sloan Professor Roberto Rigobon digs into the sources of discrepancies in ESG ratings and explains how investors can learn to live with imperfect measurements. He also explores what it takes to be a truly long-term investor with fiduciary responsibility.
CHAPTERS
0:14 Roberto’s path from macroeconomics to measuring ESG
5:43 Unpacking the methodology of ESG rating agencies
12:22 Understanding the sources of discrepancies in ESG measurements
15:21 Why imperfect measurement can lead to over-reaction
22:14 Using constructive stewardship to build trust with companies
24:50 What it takes to think and invest long term
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Please keep in mind that a sustainable investing approach does not guarantee positive results and all investments, including those that integrate ESG considerations into the investment process, carry a certain amount of risk including the possible loss of the principal amount invested.
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