ESG is no longer an afterthought – but
opinions and standards still vary
It's a watershed moment in the world of international
finance and business. When first conceived, the concept of
environmental, social and governance (ESG) was relegated to the
realms of left-wing fantasy and idealism. Those on the inside
saw it as an indulgence, a nice-to-have but largely unnecessary
luxury that came with a premium.
But the last couple of years have seen a fundamental sea
change – quite literally – and with it an
extraordinary explosion of ESG activity. Global Sustainable
Investment Alliance statistics suggest that as much as $31
trillion of managed assets in the world today touch ESG
criteria in some way.
Across the board, ESG has shifted. What was once a concern
only for those who actively want to change the world is
seemingly now going mainstream.
"We are absolutely not seeing peak ESG. This is a