Discredit derivatives: Difference between revisions

Discredit derivatives (view source)

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 {{a|myth|
-{{image|Screenshot 2020-11-05 at 18.39.20|png|It’s the Real Thing.}}''JC published the first edition of this article before he was aware of the emergence of [[sustainability-linked derivatives]]. Life imitates art, once again.''
+{{image|Screenshot 2020-11-05 at 18.39.20|png|It’s the Real Thing.}}}}
+''JC published the first edition of this article before he was aware of the emergence of [[sustainability-linked derivatives]]. Life imitates art, once again.''
-}}[[discredit derivatives|Discredit derivatives]] are a class of [[derivatives]] invented by swap pioneer {{author|Hunter Barkley}}. They allow [[alternative investment funds]] who have lazily committed to [[environmental, social, and corporate governance]] standards in their [[prospectus]]es that they cannot now meet, to green-wash their investment portfolios. “It’s discredit avoidance rather than evasion,” said Barkley.
+[[Discredit derivatives]] were invented by swap pioneer {{author|Hunter Barkley}} to allow [[alternative investment funds]] and others who had lazily committed to [[environmental, social, and corporate governance]] standards in their [[prospectus]]es when that seemed like a throwaway commitment that no one would check, but that, now everyone is checking it, they manifestly cannot meet, to “brown-wash” their investment portfolios.
+“It’s discredit avoidance, rather than evasion,” said Barkley.
 ===Prehistory===
 The funds originally regarded [[ESG]] as a cheap way of [[virtue-signalling]] to [[Ultimate client|investors]], but never thought anyone other than their clients’ [[HR]] departments would care. After all, who, in her heart of hearts, ''really'' objects to massively profitable leveraged investments just because they happen to be in firearms, narcotics or [[financial weapons of mass destruction]]?