Exactly how the acronym of ESG has become the topic of such heated debate will make for a good doctoral dissertation in sociology someday. It has become a term derided on both the left (“it’s not true sustainability”) and the right (“it’s a progressive political agenda”). Putting inflammatory rhetoric aside, it is healthy to have a debate about ESG. What it is and what it isn’t. What it can do and what it can’t do. What it was never intended to do—solve the world’s problems starting with climate change. It is also our view that the term has probably run its full life cycle and it is time to address the underlying issues of what is being debated.
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