Environmental, geographical… what does it actually stand for? Whenever you type it up it’s just articles like ‘investor-this investor-that’, but what does this got to do with anything? It’s never explained what exactly it is.
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ESG is explained well above as environmental, social, governance. Companies that adhere to these principles are sought after by customers who want to do business and associate with a positive brand identity, employees who want to work in a welcoming environment, and investors that know these companies perform well.
The concept has been around for twenty years and isn’t going anywhere. It is infused with political assumptions primarily for the ‘social’ component, called DEI (diversity, equality, inclusion), which inspires businesses to diversify their employee base and appeal to broader audiences. Some politically-driven groups see this as legitimizing people they disapprove of.
Some politicians who were educated in the Ivy League know this, but tell their voters they can do something about it. Anti-ESG/DEI is as destined for failure as an idea can get.
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