I have long wanted to publish a post entitled “We Need to Stop Talking About ‘ESG’ (Seriously. We Need to Stop.)” I have never had the guts to do it because I would be taking on the entire ESG industrial complex. However, Posner’s article, and the many sources she cites go a long way toward making this point.
It comes as no surprise to me that various attempts to rate or grade ESG are inconsistent. The fact is that there is no consensus on what “ESG” is. Indeed, we could all spend a very long and unproductive amount of time just discussing what the “S” in the ESG might be. Is it just Diversity, Equity and Inclusion? Is it #MeToo? Is it child labor laws or human trafficking laws? Is it, as in the case of the recent lawsuit filed against Unilever (and discussed here), an effort by a subsidiary of an international conglomerate to take a stand on issues that the subsidiary thinks involves what the subsidiary calls “Occupied Palestinian Territory?”
‘Enforcement 40’ for 2020
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