The New York Times’ Misguided “Guide” to ESG

Recent signs ...

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BY ANDREW STUTTAFORD Image March 19, 2023
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BY ANDREW STUTTAFORD March 19, 2023
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The New York Times' Misguided "Guide" to ESG

Recent signs of a pushback against ESG have been encouraging, but there is a long, long way to go. There is too much money and too much power resting on the preservation of ESG — and the rent-seekers' ecosystem that it nurtures — for its backers to pack up their bags and slink away in shame.

Nevertheless, these early signs of resistance have produced something of a panic among ESG's defenders, from Mike Bloomberg to Al Gore to the Financial Times. And naturally, the New York Times too is doing its bit too. Indeed, the paper has come out with a podcast: What is E.S.G., and Why are Republicans so Mad About It?

The interviewee is David Gelles, a climate correspondent. The Times sets the stage with a brief introduction:

The principle behind E.S.G. is that investors should look beyond just whether a company can make a profit and take into account other factors, such as its environmental impact and action on social issues.

But critics of that ...   READ MORE

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