ESG, Defense, and a Dangerous Lack of Common Sense
Investors who subscribe to the disciplines of ESG (that variant of “socially responsible” investment in which investors look at environmental, social, and governance concerns, and then decide to invest in China and Russia) can, at times, be remarkably — and, to the naïve, mysteriously — flexible. On other occasions, such investors can be absurdly rigid when it comes to defining what is or is not “socially responsible,” not least when it comes to the weight they should give to geopolitical realities in coming to their conclusions.
Photo credit: Pascal Rossignol/Reuters
