In trying to find the most ideal title to today’s edition, there were a number of choices:
- ESG has become complicated.
- ESG may be complicated.
- ESG is a bit complicated.
All are true, and the complications started to become more prominent in early 2022. ESG, of course, stands for Environmental, Social, and Governance which are said to be “pillars” on which companies, particularly publicly traded companies, report. The pillars of ESG have been referred to as non-financial risk factors by the consulting firm Deloitte, and the non-financial aspect is partly what brought major pushback to “blanket policies” of ESG in major pension funds and investment funds.


