2023 ESG is dead or alive?

2023 ESG is dead

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A rather scathing article:

  • ESG “created the elements of its own demise”
  • “…even environmental advocates think the term has outlived its usefulness”
  • “meaningless checklists”
  • “…this acronym, ESG, should go away.”
  • ”There were companies built on selling ESG information, ESG-related conferences and it got worn out,”

Ouch!

The proposed solution:

  • “We need to regulate climate disclosure and create metrics that are verifiable and standardized, and available to investors and to consumers,”

The problem is the emphasis on the ‘E’

ESG as a tool for marketing investments latched on to the trendiness of Environmental sustainability. Carbon footprint, etc.

But ESG is designed for all three components (Environment, Social, Governance) to work a balanced triad.