Will the Energy Crisis Be ESG’s Great Reset?
When it comes to the world of environmental, social, and governance (ESG) investing, we’ve become used to Panglossian headlines about how every new development only strengthens the case for groups such as Michael Bloomberg’s Sustainability Accounting Standards Board and Klaus Schwab’s World Economic Forum. Institutional messaging is suffused with assumptions that corporate regulation will inevitably march leftward. But recent developments in energy markets and outlook — driven by the very policies pushed by ESG advocates — may signal a coming crack-up among the responsible-investing crowd.
