Cracks are starting to appear in the environmental, social, and governance (ESG) investment movement. This may have been inevitable, considering vested interests in the old ways of doing business. But there may be other, more cogent reasons why ESG, practically at least, is running into difficulties.
Three years ago, a couple of months into the Covid-19 pandemic, in an article supported by credible research, I argued that companies with high ESG scores would likely prove resilient during the pandemic and were more likely than
