{"id":6764,"date":"2022-07-19T14:32:34","date_gmt":"2022-07-19T04:32:34","guid":{"rendered":"https:\/\/staging.paradice.com\/au\/au\/?p=6764"},"modified":"2023-08-08T15:49:26","modified_gmt":"2023-08-08T05:49:26","slug":"all-the-rage-esg-and-the-inevitable-backlash","status":"publish","type":"post","link":"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/","title":{"rendered":"All the Rage: ESG and the Inevitable Backlash"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6764\" class=\"elementor elementor-6764\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d26c2a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d26c2a6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5102bdb7\" data-id=\"5102bdb7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1065c940 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1065c940\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-6de7f3af\" data-id=\"6de7f3af\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b2231ce\" data-id=\"b2231ce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d506f5f elementor-widget elementor-widget-spacer\" data-id=\"2d506f5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-289f0cdd elementor-widget elementor-widget-heading\" data-id=\"289f0cdd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">All the rage: ESG and the inevitable backlash<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29bf0522 elementor-widget elementor-widget-post-info\" data-id=\"29bf0522\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-54b3434 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t<span class=\"elementor-post-info__item-prefix\">Published<\/span>\n\t\t\t\t\t\t\t\t\t\t<time>July 19, 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47c6b2fd elementor-widget elementor-widget-text-editor\" data-id=\"47c6b2fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">If you\u2019ve been reading the business pages lately you would be forgiven for thinking that ESG investing \u2013 or Environmental, Social and Governance investing \u2013 is in the midst of a backlash. Depending on who you ask, this has either been a long time coming or it is an unfair characterisation of a part of the finance industry which is increasingly mainstream. In this month\u2019s newsletter, we thought it would be helpful to demystify ESG (and terms like responsible and sustainable investing which are also used interchangeably) and outline how ESG fits in to investment management at Paradice.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p aria-level=\"3\"><strong>ESG and responsible investing \u2013 what\u2019s the difference?\u00a0<\/strong><\/p><p><span data-contrast=\"auto\">Responsible investment or investing is best thought of as an\u00a0<\/span><i><span data-contrast=\"auto\">umbrella term<\/span><\/i><span data-contrast=\"auto\">\u00a0for investment strategies which consider ESG-related factors including associated activities such as long-term investing, engagement and voting. Confusingly, though, terms which refer to a specific investment strategy will be used interchangeably with \u2018responsible investment\u2019, or \u2018ESG\u2019 will be used as a catch-all, adding to lack of clarity on its meaning.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">We find it helpful to think of ESG as an\u00a0<\/span><i><span data-contrast=\"auto\">information set<\/span><\/i><span data-contrast=\"auto\">\u00a0(relating to environmental, social or corporate governance matters) which can be variously applied within different investment strategies, depending on an investor\u2019s priorities. For example, in many cases an investor\u2019s focus is to generate risk-adjusted returns. In this case ESG information will be relevant where it may affect a company\u2019s earnings, reputation or liabilities, or other such financially material impacts. A key question in this approach is how does the ESG issue impact the company?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">However, for some investors, they may have additional considerations they would like included in investment decision making. Whether this is motivated by religious beliefs, personal preference or a sense of social responsibility (i.e. values), these investors will look for financial products which in some shape or form limit the investment universe ultimately through the use of ESG-related information. This can be achieved by using such information to either avoid certain types of investments (e.g. products identified as causing social harm such as tobacco), or to actively seek out investments that meet certain characteristics (e.g. a company offering climate solutions or a company whose operations are best-in-class). In contrast to the above, the key question is how does the company impact society or the environ<\/span><span data-contrast=\"auto\">ment?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d19c20 elementor-widget elementor-widget-image\" data-id=\"1d19c20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"540\" height=\"349\" src=\"https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm-768x497.png\" class=\"attachment-medium_large size-medium_large wp-image-10885\" alt=\"\" srcset=\"https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm-768x497.png 768w, https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm-300x194.png 300w, https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm-1024x662.png 1024w, https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm-1536x993.png 1536w, https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2022\/07\/Screenshot-2023-08-08-at-2.41.51-pm.png 1998w\" sizes=\"(max-width: 540px) 100vw, 540px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b1275d elementor-widget elementor-widget-text-editor\" data-id=\"9b1275d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p aria-level=\"3\"><strong>Key responsible investment strategies\u00a0<\/strong><\/p><p><span data-contrast=\"auto\">The most common strategy in this area is \u2018<\/span><b><span data-contrast=\"auto\">ESG Integration<\/span><\/b><span data-contrast=\"auto\">\u2019 and refers to the consideration of financially material ESG factors \u2013 both risks and opportunities \u2013 within the investment process. The key criteria being that the ESG information is financially material \u2013 if it isn\u2019t, it will largely be ignored in investment decision making. For instance, even though climate change may present risks for many companies (and some investors may rightly want to be part of the solution), an investment manager applying an ESG integration approach would only meaningfully consider a company\u2019s greenhouse gas emissions if these were significant enough to present a financial risk. Generally, this will be highly relevant for the energy and heavy industrials sectors, and much less so for professional services and IT as an example.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">If ESG Integration is the strategy which focuses on protecting or enhancing\u00a0<\/span><i><span data-contrast=\"auto\">value<\/span><\/i><span data-contrast=\"auto\">, the three other core responsible investing strategy types variously incorporate\u00a0<\/span><i><span data-contrast=\"auto\">values<\/span><\/i><span data-contrast=\"auto\">-based considerations, alongside financial ones. In simplified form, these are:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><ol><li data-leveltext=\"%1.\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Ethical investing<\/span><\/b><span data-contrast=\"auto\">: avoiding certain sectors\/business activities in line with ethical considerations (e.g. through formal exclusions).\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:714,&quot;335559739&quot;:160,&quot;335559740&quot;:288,&quot;335559991&quot;:357}\">\u00a0<\/span><\/li><li data-leveltext=\"%1.\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Sustainable investing<\/span><\/b><span data-contrast=\"auto\">: targeting companies with sustainable business practices and\/or more sustainable products\/services. There is a broad range within this category, with some products much more focused on outcomes with others more aligning to structural trends.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:714,&quot;335559739&quot;:160,&quot;335559740&quot;:288,&quot;335559991&quot;:357}\">\u00a0<\/span><\/li><li data-leveltext=\"%1.\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Impact investing<\/span><\/b><span data-contrast=\"auto\">: seeking to achieve\u00a0<\/span><i><span data-contrast=\"auto\">targeted<\/span><\/i><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><i><span data-contrast=\"auto\">measurable<\/span><\/i><span data-contrast=\"auto\">\u00a0environmental and\/or social outcomes (in addition to financial returns). Ideally investments deliver outcomes that wouldn\u2019t otherwise have occurred.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:714,&quot;335559739&quot;:160,&quot;335559740&quot;:288,&quot;335559991&quot;:357}\">\u00a0<\/span><\/li><\/ol><p><span data-contrast=\"auto\">To add to the confusion, many products will apply more than one strategy at a time. For example, it is common to practice ESG Integration, however this can be supplemented with additional layers of investment decision making such as ethical or sustainable factors. These supplementary layers of decision making may be rules-based (e.g. exclusions), through a structured framework or at the Portfolio Manager\u2019s discretion.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In our view, common misunderstandings across the market about the nuances of investing\u00a0<\/span><i><span data-contrast=\"auto\">for value<\/span><\/i><span data-contrast=\"auto\">\u00a0or to\u00a0<\/span><i><span data-contrast=\"auto\">align with values<\/span><\/i><span data-contrast=\"auto\">\u00a0has fuelled some of the current backlash. One outcome has been greater scrutiny of \u2018greenwashing\u2019 among stakeholders, and a move for regulators to provide more specific guidelines. We think this will only be positive for the industry, as consumers\u2019 expectations will be better met and true responsible investors will rise to the challenge.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c343d2d elementor-widget elementor-widget-text-editor\" data-id=\"c343d2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p aria-level=\"3\"><span data-contrast=\"none\"><strong>What we do at Paradice<\/strong>\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:200,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Paradice strives to be a responsible investor in that we believe it\u2019s important to consider the full range of risks or opportunities that may be financially material to a company and as such we also look to relevant ESG information. In short, Paradice practices ESG Integration in all of our strategies as we strongly believe this helps us to achieve superior risk-adjusted returns for our clients. Besides firm-wide exclusions (tobacco and controversial weapons), currently we do not offer any investment strategies which apply values-based considerations.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:288}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Another reason we consider ourselves to be responsible investors is that we take a longer-term view when investing in portfolio companies. The longer the investment horizon, the more relevant it is to consider ESG information as such issues can often play out over extended time periods. For example, a company cutting corners on safety today will not see this reflected in the share price tomorrow, however, as time passes and safety processes weaken, the greater likelihood a business-disrupting failing will occur. We also see an active approach to company engagement and proxy voting as integral to our active investment management style.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6268bcd elementor-widget elementor-widget-spacer\" data-id=\"6268bcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fffb7a3 elementor-widget elementor-widget-text-editor\" data-id=\"4fffb7a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Disclaimer:<\/em><\/p><p><em>This material (or any contribution to it) is not intended to constitute advertising or advice (including legal, tax or investment advice or security recommendation) of any kind. \u00a0It is of a general nature only and was current only at the time of initial publication. The information and opinions contained herein are not necessarily all-inclusive and, as such, no representation or warranty, express or implied, is made as to the accuracy, completeness or reasonableness of any assumption contained herein and no responsibility arising for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Paradice, its officers, employees or agents. \u00a0It may contain certain forward looking statements, opinions and projections that are based on the assumptions and judgments of Paradice with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Paradice. Because of the significant uncertainties inherent in these assumptions, opinions\u00a0and judgments, you should not place undue reliance on these forward looking statements. You should consider your own needs and objectives and consult with a licensed financial adviser. For the avoidance of doubt, any such forward looking statements, opinions, assumptions and\/or judgments made by Paradice may not prove to be accurate or correct.\u00a0 References to securities may or may not represent the holdings of the Paradice Funds.\u00a0 The content of this publication is current as at the date of its publication and is subject to change at any time. It does not reflect any events or changes in circumstances occurring after the date of publication.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-5297a82b\" data-id=\"5297a82b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8394ad7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8394ad7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-80e3743\" data-id=\"80e3743\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d449c8d elementor-widget elementor-widget-spacer\" data-id=\"d449c8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>All the rage: ESG and the inevitable backlash If you\u2019ve been reading the business pages lately you would be forgiven for thinking that ESG investing \u2013 or Environmental, Social and Governance investing \u2013 is in the midst of a backlash. Depending on who you ask, <span class=\"ellipsis\">&hellip;<\/span> <span class=\"more-link-wrap\"><a href=\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\" class=\"more-link\"><span>Read More<\/span><\/a><\/span><\/p>\n","protected":false},"author":17,"featured_media":9140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","footnotes":""},"categories":[82],"tags":[83],"class_list":["post-6764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg","tag-esg"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>All the Rage: ESG and the Inevitable Backlash - Paradice Investment Management AU<\/title>\n<meta name=\"description\" content=\"In this article, we seek to demystify ESG and outline how ESG fits in to investment management at Paradice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All the Rage: ESG and the Inevitable Backlash - Paradice Investment Management AU\" \/>\n<meta property=\"og:description\" content=\"In this article, we seek to demystify ESG and outline how ESG fits in to investment management at Paradice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\" \/>\n<meta property=\"og:site_name\" content=\"Paradice Investment Management AU\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-19T04:32:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T05:49:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2023\/01\/micheile-henderson-ZVprbBmT8QA-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maddi Travers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maddi Travers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\"},\"author\":{\"name\":\"Maddi Travers\",\"@id\":\"https:\/\/staging.paradice.com\/au\/#\/schema\/person\/eee495ce29afc16b086559411b455338\"},\"headline\":\"All the Rage: ESG and the Inevitable Backlash\",\"datePublished\":\"2022-07-19T04:32:34+00:00\",\"dateModified\":\"2023-08-08T05:49:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\"},\"wordCount\":1256,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/staging.paradice.com\/au\/#organization\"},\"image\":{\"@id\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/staging.paradice.com\/au\/wp-content\/uploads\/2023\/01\/micheile-henderson-ZVprbBmT8QA-unsplash-scaled.jpg\",\"keywords\":[\"ESG\"],\"articleSection\":[\"ESG\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\",\"url\":\"https:\/\/staging.paradice.com\/au\/all-the-rage-esg-and-the-inevitable-backlash\/\",\"name\":\"All the Rage: ESG and the Inevitable Backlash - 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