ESG Investing
The moniker has become so politicized that itprevents clear-headed thinking, says a London Business School professor.
As ESG comes under fire for yet another year, a Morgan Stanley banker-turned-finance professor said it’s finally time to get rid of those deeply divisive three letters.
The ESG moniker has become so politicized that it now prevents clear-headed thinking, said Alex Edmans, who teaches at London Business School. He’s instead proposing the term “rational sustainability.” It may be bland, he said, but sustainability is about producing long-term value—and that’s hard to politicize.
