“How times change. A year ago, asset managers were trumpeting the qualities of environmental, social and governance (ESG) funds, as a slew of data showed that these had beaten their conventional equivalents over several periods.

Today, they have toned down their message after months of disappointing performance; negative stories about firms exaggerating the benefits of ESG; and the emergence of influential and increasingly vocal sceptics.”

[COMMENTARY]There are two knowledgeable commentaries in this article about the merits — or lack of them — concerning the relevance of ESG based investing. I believe each side makes valid points.
Have the merits of ESG investment been overstated? By Tim Cooper, July 14, 2022, Raconteur, UK.