“The problem with ESG as an investment approach is the lack of standardized criteria for what makes an investment sustainable… A recentpaperfrom researchers at MIT and the University of Zurich, for instance, found very little consistency in the assessments of ESG rating agencies, making it tricky to evaluate the ESG performance of companies, funds, and portfolios.”

[COMMENTARY] I agree that company reporting of ESG information and metrics needs standardization. However, ESG raters should be free to develop their own evaluative techniques — and ratings –concerning the reported data. Similarly, investors should feel free to use whatever ESG raters they feel reflects their goals and objectives.
ESG investing faces challenges from all sides. Can it survive? By Laurie Clarke, December 19, 2022, FORTUNE, USA.