“The data used to measure a company’s compliance with environmental, social and governance (ESG) guidelines is inconsistent and leads to misleading results. Moreover, when teams at the same company manage comparable ESG and non-ESG funds, the former more often underperforms the latter.”

[COMMENTARY] Do all analysts come to the same conclusions when reviewing a company’s financial statements in light of the company’s prospects? No. I think the diversity of opinion is what makes financial markets. However, I do believe that audited common metrics need to be used in ESG measurements across companies and industries.
New Challenges to the Merits of ESG Investing, Larry Swedroe, August 31, 2020, Advisor Perspectives, USA.