The Backlash Against ESG-Washing is a Sign That Responsible Finance is Maturing

As ESG has become mainstream, it has encountered a backlash for not delivering on a range of outcomes promised across responsible financeEven as this backlash against ESG greenwashing grows, the institutional foundations for a better future of responsible finance are being builtESG has become too complex to expect it to achieve every desired impact; each approach should be evaluated based on its own intended outcomes

Much ink has been spilled on critiques of ESG investing. Some question whether or not it creates an impact. Others how to properly contextualize issuers who are targeting ESG and green finance markets while at the same time providing an opaque perspective on their climate ambition. There are serious questions about how to aggregate ESG information in a way that doe...