So-What?

ESG under attack as ‘woke’ capital This post originally appeared in the ‘So What’ newsletter on July 1, 2022 In a lot of recent coverage, ESG (environmental, social & governance) is being termed ‘woke’ capitalism by both supporters and detractors of the investment class. This perception further strengthens the sense that, rather than measuring how well a firm or fund performs in some important non-operational ways, ESG is nothing more than a form of virtue signaling and/or a scam. ...