ESG should be boiled down to one simple measure: emissions

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ESG should be boiled down to one simple measure: emissions
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You might hope that big things would come from environmental, social and governance investing. You would be wrong

the type of person who is loth to invest in firms that pollute the planet, mistreat workers and stuff their boards with cronies, you will no doubt be aware of one of the hottest trends in finance: environmental, social and governance investing. It is an attempt to make capitalism work better and deal with the grave threat posed by climate change.

As investors become wiser to such flim-flam, they are growing more sceptical. This, coupled with turmoil in financial markets, is slowing the influx of money into sustainable funds. It is surely time, then, for a rethink. The first step is to unbundle those three letters:

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