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As an interesting aside to carbon taxes and such (which appear to be working to a degree): Was shopping for ETFs a while back and came across the WealthSimple
by chartpath 5y ago
As an interesting aside to carbon taxes and such (which appear to be working to a degree):
Was shopping for ETFs a while back and came across the WealthSimple SRI portfolio which is based on their funds. They use a normal ESG index but it also de-lists any companies in the top 25% of emissions for their category.
This would seem to help avoid some collusion and complacency in industries like software that are just at a natural advantage in absolute terms compared with, say, coal plants.
Of course, it's a retail investor and consumer driven thing which leaves too much on the table for some, but I think there's something to the idea of getting companies to compete on the rate of improvement relative to each industry, in addition to internalizing some of the costs through taxes.
- sitkack 5y agoInteresting take on how to value something, even if it is a top performer but wasteful in how it uses resources, the lack of efficiency make it rank lower. Thing is, most top of category performers in anything are wasteful in some resource. I think kinda by definition. Lets go way out into left field and say even top performing artists and athletes are wasteful, because the slope of the gain to expensive curve flattens the higher up you get. I think for large orgs to be high efficiency it has to be baked into their culture. If you don't have high efficiency, the worst thing you can do is also get large. I think the gamedev world could be akin to digital coal, toxic work env, low pay. Your entire labor force could walk/pivot to something else if better any dimension you compensate them on changes.