The ESG Leash on Business Tightens — While Good Suffers
The ESG – Environmental, Social, and [Corporate] Governance – movement has exploded over the past few years. ESG ratings are now controlling substantial amounts of investing and lending to major businesses. Business leaders are being forced to address expanding ESG concerns and compliance demands, distracting management attention and resources away from the underlying business. And the potential good from ESG suffers as well. Why?