Does Sustainable Investing Work? Prof. Aswath Damodaran

Tom Gosling interviews Aswath Damodaran, Professor of Finance at NYU Stern, in the latest episode of the Does Sustainable Investing Work? - series co‑authored by Gosling and Harald Walkate. They discuss how performance‑chasing capital diluted ESG’s purpose, the failure of current metrics to capture real‑world impact, and how pushing fossil assets into private markets—where scrutiny is weaker—can undermine sustainability, underscoring that real progress depends on voters and consumers.