ESG Investing Is A Billion Dollar Sham Industry

Apparently millennial investors like me have different values from those of previous generations. These values have been Acronym’d by the financial industry into ESG (Environmental, Social and Governance).

The premise of ESG is that investors want to put their money into green energy, ‘clean technology’ and socially responsible companies, and so a billion-dollar industry has risen around this ESG metric. Rating agencies evaluate companies according to their environmental/social impact and give them ‘ESG ratings’, companies are hiring ‘ESG analysts’…