How 'ESG' came to mean everything and nothing
In the years since firms announced these splashy ESG commitments, often boosting share prices and bolstering corporate reputations, the term has created more confusion – even trouble – than positive change. In fact, some of those ESG commitments have created myriad problems for executives, says?Alison Taylor, a clinical associate professor at NYU Stern School of Business, US. Increasingly, the ESG movement has been?labelled as "woke" capitalism, and accused of enabling?greenwashing.