不是很明白以下两个结论,想请老师举个简单例子,感激感激,
1) the more fully integrated ESG becomes into the investment process, the harder it becomes to disaggregate a particular ESG driver from the broader investment decision (问:为啥对于fully integrated ESG的投资来说,移除掉一个ESG factor会变得很难呢?)
2)There is no evidence to prove that good ESG score can contribute to improve fund's performance. (问:是因为对于投资组合来说,无法归因alpha是由于好的ESG表现造成的不?如果是因为这样的话,单独移除具体的某个ESG 因子是不是就能归因了呢?)