The Phoney Ethics of ESG

This year at Davos, three letters were on the tip of every person’s tongue, perhaps the only acronym uttered with equal joy by Greta Thunberg and billionaire and BlackRock CEO, Larry Fink. They are ESG, or “Environment, Social and Governance”. While last year, the world was gripped by diktat of Covid-related public health policy, today ESG has eclipsed virtually all other policy frameworks, stirring enormous contention in its wake.