Financial Pulse: ESG Runs into Category Confusion
One of the unforeseen consequences of the war in Ukraine has been a re-evaluation of industry categories hitherto understood to be contrary to economic, social, and governance (ESG) principles. This, in turn, has also exposed the limitations of ESG as a convenient catch-all term for ethical investing.
- Energy and defense sectors turn “green”
- Slowdown in sustainable funds flows
- Social issues falling behind in ESG considerations