Viewpoint: Your Thinking About ESG is All Wrong. Here’s What it’s Really About
The demand for environmental, social, and governance (ESG) investing over the past decade has been so great that even the term’s opacity did not deter growth. By the end of 2021, one in eight dollars of professionally managed assets in the U.S. used self-reported ESG criteria—totaling to $8 trillion in assets under management.
With that unmitigated traction in the market, two predictable things have happened. First, large asset managers rode the wave to effectively gather assets. This brought with it the specter of greenwashing. Second, those whose policies or industries were threatened by ESG’s growth went on the attack.
Photo courtesy of Firmbee.com.
Source: Fast Company (link opens in a new window)
- Categories
- Environment, Investing, Technology
- Tags
- data, ESG, governance, greenwashing