'ESG ratings have little to no relation to carbon intensity': 'Green' companies with high environmental, social, and governance metrics pollute as much as low-rated companies, report finds - TheBlaze

'ESG ratings have little to no relation to carbon intensity': 'Green' companies with high environmental, social, and governance metrics pollute as much as low-rated companies, report finds - TheBlaze: 

A report from the Financial Times revealed that a company's environmental, social, and governance score has "little to no relation" to its carbon emissions, noting that high-rated firms pollute just as much as low-rated firms. Felix Goltz, a research director at Scientific Beta, told the Financial Times, "The carbon intensity reduction of green [ie low carbon intensity] portfolios can be effectively cancelled out by adding ESG objectives."