Like many concepts created with good intentions, the Environmental, Social and Governance (ESG) label is causing as many problems as it solves.
Across the world’s investment desks, fund managers struggle to comprehend International Sustainability Standards, fill in IFSR Climate-related Disclosures, EFRAG Climate Standard reporting, and other stuff that induces narcolepsy. Occasionally, if they are lucky, they even find time to address the impact of inflation and war on the investment portfolios they now can’t run due to the regulatory and reporting burden put upon them.
