Is ESG investing still fit for purpose?
ESG has come under a lot of criticism of late. Is ESG investing still fit for purpose and what about impact investing?
Wouldn’t it be great if there was money in being nice? Wouldn’t it be good if good people won? And in an odd sort of way, that is the underlying principle behind ESG. At least it sort of is, but it doesn’t always work out like that. Yet, ESG has its haters, and its critics form a long line of the great and the good in business and investing. Warren Buffett calls ESG reporting asinine, Elon Musk calls ESG the devil incarnate. Spend five minutes on Twitter looking at the hashtag ESG (#ESG), and you get bombarded with words and…