ESG is not fit for purpose
The recent Financial Services Forum posed the following question: ‘Is ESG still fit for purpose?’ By the end of the morning, the overarching consensus seemed to be “no”. That is not to say ESG is not fit for purpose from an investment perspective - rather from a marketing one. The reason for this is actually quite simple - ‘ESG’ as an acronym, as a concept, is too abstract.
05 June 3 mins