In 2020, an investment strategy was all the rage on Wall Street: ESG, or environmental, social and governance investing. It’s a wonky term with a simple premise: Companies that manage the risks and opportunities posed by societal issues like climate change will perform better, especially in the long term. For a moment, it seemed Wall Street could be part of the solution to the climate crisis, driving companies to decarbonize — if not to save the planet, to protect their own bottom lines. That was, until a fierce and widespread backlash against ESG took hold.
The post The God Box first appeared on Interfaith Center on Corporate Responsibility.