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ESG = Environmental Subjective Governance
22 sats \ 7 comments \ @HardMoney 14 Oct 2022 bitcoin
ESG scores are the most subjective abstraction humans have made up. Thinking we can grade social impact and governance structures accurately is the most arrogant idea.
Hilariously, Bitcoin happens to be the best investment ESG investment that creates energy friendly incentives for the environment, provides property rights for humanity socially, and has a open governance structure of "rules, not rulers"
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3 sats \ 5 replies \ @tomlaies 14 Oct 2022
If you actually think that ESG scores are subjective you are just mistaken. A lot of effort gets put into this. Dunning–Kruger.
You can disagree with the methedologies, that's fair. I do as well. But claiming they were purely subjective is just plain wrong fact.
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0 sats \ 0 replies \ @HardMoney OP 24 Oct 2022
The environmental part is just carbon accounting (logically flawed as it ignores many sub components of environmental impact such as microplastics in water streams and other "hard to account" for metrics.
The social part is purely subjuctive...hence the joke
The governance part is actually just subjective governance as well lol
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0 sats \ 3 replies \ @mf 14 Oct 2022
I'm an ignorant in ESG, but if it's not subjective, why would Bitcoin stamped as "not ESG friendly"?
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0 sats \ 2 replies \ @tomlaies 14 Oct 2022
Because long term incentivation is not an aspect of how ESG scores are measured. That does not make the scores subjective - it just means the processes of measuring are dumb.
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0 sats \ 1 reply \ @mf 14 Oct 2022
But if the measuring is dumb, that sounds a lot like "scores can be whatever".
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3 sats \ 0 replies \ @tomlaies 14 Oct 2022
Let me give you an example:
I create a new ESG score - the TomLaiesESG. It works by counting the number of "e" letters in the company name. Apple has a score of 1. American Express of 3.
-> That's a dumb score. But it is not subjective, it is highly objective, there is no debating if scores are correct or not.
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0 sats \ 0 replies \ @2bithits 14 Oct 2022
The "G" is for governance right?
I didn't get a vote, did you?
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