Financial Times Publishes Obituary for ESG



"ESG is beyond redemption, a testimonial to the consequences of letting good intentions overwhelm good sense and allowing the selling imperative to define and drive mission. May it RIP." October 22, 2023, Financial Times.

Actually Financial Times is a little late to the game of declaring ESG, including the investment part, dead. Already we are in, as I detail in O'Dwyer's Public Relations, the Post-ESG era. Those determined to tame capitalism, as had the noisy advocates of ESG initiatives, have to come up with very different models. 

Meanwhile, as we bore witness, hedge fund Engine #1, which put three ecos on the Exxon board, didn't balk at the corporation's recent mega acquisition of Pioneer. 

Legal experts speculate that the Department of Justice, along with several states, will lose the antitrust case against Google ("US, et al. v Google"). Here is a copy of the complaint. That win could discourage the filing other such antitrust lawsuits and will enhance the brand of the law firm defending it. That's Paul Weiss. 

A confluence of forces is making liberal institutions of higher learning such as Harvard seemingly subject to Wall Street.

Oh, capitalism is back - and stronger. 

If human beings are capable of learning the lesson here related to the former wild embrace of ESG (as well as blockchain and the metaverse) is to give time time. Allow a promising or even seductive concept to prove itself out over the long term. In my coaching, the majority of clients are skeptical of the rush of initiatives pumped into the workplace as uncertainty escalates.

Data or the gut for your careers and communications? Both of course. Complimentary consultation with intuitive coach, content-creator, and Tarot reader Jane Genova (text 203-468-8579, janegenova374@gmail.com).

 


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