ESG: New Report Questions Investment Movement’s Claims | National Review
Well, quite a lot: RealClearFoundation has recently published an important new report, written by Rupert Darwall, a senior fellow at the foundation, an author of two books on the environmentalism, and a former special adviser to the U.K. s Chancellor of the Exchequer. The report titled Capitalism, Socialism and ESG is divided into four parts: an overview that sets out the key claims made for ESG ; a section that examines ESG s central claim that it boosts risk-adjusted investment returns ; a brief look at the legal context undergirding the Trump Labor Department s 2020 rule on fiduciary responsibilities under the ERISA (Employee Retirement Income Security Act); and a final section that places ESG in the debate on capitalism, stakeholderism, and the trend to corporatism and thus exposes the antidemocratic nature of the entire ESG enterprise.
I should read this report. Maybe you should too.