Over the weekend, I read a disturbing article that quoted a potential presidential candidate who wrote, “We will keep fighting until we put a stop to ESG once and for all!”
ESG stands for Environmental, Social, and Governance and is a set of investment standards for a company’s behaviors. In other words, it’s a set of standards that takes more than profit into account. It was coined by the United Nations in 2005. Originially, the acronym was GES because they believed Governance was the most important of the three. They weren’t wrong then. They aren’t wrong now. They just didn’t know at the time the dire state of our environment in 2023.