Bloomberg reported this week that with ESG out of favor for all of about five minutes, there’s already a new “buzzword” on the street that we’re certain will drum up the same interest in “green” names: biodiversity. Over the last few weeks we have reported about billions being pulled from ESG funds, hedge funds losing ESG ratings, and companies and banks scrambling to cover up their ESG appeal in pitch decks, all after “woke” ESG name Silicon Valley Bank went under, forcing the market to focus a bit more on things that matter (i.e. solvency, cash generation) instead of the unicorn and rainbow ESG fairy tale it has been obsessed with over the last 5 years. https://www.activistpost.com/2023/03/biodiversity-is-the-new-esg.html