River & Mercantile's Sym: ESG is in a similar phase to the TMT bubble

River & Mercantile's James Sym has compared the current phase of ESG to the dot-com bubble. In the same way companies had to adapt to the internet boom at the turn of the millennium, in the coming decade companies will have to transition to become sustainability-led businesses, or cease to exist, he explained. "In 2000, in the TMT bubble, there was a narrow focus on a certain type of company, and we all know that ended really rather badly. A few of those companies went on and became Amazon and Google and some of those companies went bankrupt," Sym said. "ESG in 2022, is in a ...