ERSTE RESPONSIBLE RETURN – The ESG Letter on Environmental, Social and Governance issues
The gifts of the three Magi to the new-born Christ Child are well known. Even back then, gold was of high value due to its scarceness and was regarded as a special kind of paying one’s respects to someone. Frankincense and myrrh have since then lost some of their appeal as gifts, but it is […]
Guest commentary by expert Ronald-Peter Stöferle The public is still being fed the narrative of gold being a dirty metal. Gold is considered environmentally reproachable because open-pit mining requires enormous volumes of rock to be moved; and in rare cases, mercury is used in the process. Gold is also regarded as soiled in terms of […]
In order to produce gold, bauxite, copper, nickel, tin, tantalum, wolfram, and other metallic commodities, forests are cleared, rivers poisoned, people exploited, and entire ecosystems destroyed. Irresponsible production practices in mining have become one of the most significant threats to the environment of our times. Why are some commodities referred to as conflict minerals? Metal […]
The takeover by LVMH raised the media profile of Tiffany last week substantially. Not only financial aspects, but also the sustainability strategy make the company attractive. Tiffany has gone through an impressive development in terms of sustainability. The company has co-financed or implemented numerous projects to facilitate a better and more environmentally friendly production of […]
Hardly anyone can escape the fascination of gold. But, what is the economic function of gold, and how does it perform socially and environmentally?