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Chapter 346: The Chaos of ESG Ratings

ESG investing has become a trillion-dollar mainstream trend, yet the ESG scores assigned to the same company by the three major rating agencies (MSCI, S&P, Morningstar) often vary significantly. Through 'GreenChain' and cross-verification with multiple data sources, I discovered the root causes: inconsistent metrics, subjective weighting, and opaque corporate data. Many companies are busy with 'ESG packaging' rather than real improvements, turning the ESG rating race into an escalating competition of greenwashing.

Chapter 347: Shorting the 'Greenwashers'

I founded an ESG authenticity hedge fund. We don't just rely on rating reports—we use satellite imagery to monitor factory pollution, trace raw material origins through supply chain data, and analyze employee sentiment from anonymous forums. We uncovered a renewable energy company rated as A, which had severe environmental damage and labor issues at its overseas mines. After establishing short positions, we exposed the evidence publicly. The stock price plummeted, and our fund made substantial profits. We've become feared 'ESG police' in the capital markets.