
S5 Ep. 4 Green or merely clean? The trouble with ESG investing
From Beyond Curious with LCP by LCP
January 14, 2026 · 20 min
About this episode
The episode discusses the evolution of ESG investing and its importance in financing transitions in hard-to-abate sectors.
Host Nigel Timperley talks to Shyam Gharial from LCP’s responsible investment team. They explore how ESG has evolved from a simple risk-management framework into a proactive tool for enabling real-world change, moving beyond "clean" portfolios to actively financing the transition in hard-to-abate sectors. They cover: • The original purpose of ESG as a risk-management tool • The limits of “clean” portfolios in a system-wide transition • Why transition-enabling investment now matters more than carbon snapshots, and why this often means engaging with high emitters that have credible plans to change. • How climate risk is reshaping long-term investment thinking across the board.
People in this episode
Host: Nigel Timperley
Guest: Shyam Gharial
Topics covered
- ESG investing
- risk management
- clean portfolios
- transition financing
- climate risk
- investment strategy
Keywords
- ESG
- investment
- risk management
- clean portfolios
- climate change
- high emitters
- transition financing
Mentioned in this episode
Organizations: LCP
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- S5 Ep.5 How climate risk is reshaping insurance · January 28, 2026 · 23 min
- S5 Ep.3 Policy, risk and public trust – Is the UK energy transition rolling back? · December 23, 2025 · 29 min
- S5 Ep.2 How ordinary people became the engine of Net Zero · December 9, 2025 · 23 min
- S5 Ep. 1 The climate ledger – counting the true cost of Net Zero · November 25, 2025 · 24 min
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