As is true in the implementation of many principled goals, especially from the financial community, there seem to be some problems between words and actions, as is the case with ESG. ESG stands for environmentalism, sustainability, and governance. This means:
· Environmental: Are we doing what is good for the environment?
· Sustainable: Is what we are doing good for the long run?
· Governance: Is what we are doing good for everyone?
DOES REALITY LIVE UP TO THE HYPE?
Bloomberg BusinessWeek (5/9/2022, page 22) notes that there are a few snakes in the garden:
· Some arms dealers,