The Rise and Stall of ESG
Why has the movement fizzled, and what hurdles might it face over the next three months to three years?
Over the past three years, the ESG movement attracted a broad following across corporate America, with a proliferation of related management and investment strategies to advance environmental, social and governance priorities.
But in the past three months, the ESG movement has appeared to stall, amid scrutiny revealing the insincerity of managerial proponents and a declining level of both returns and enthusiasm among funds and individuals alike.