S5 Ep. 4 Green or merely clean? The trouble with ESG investing

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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