We need to look at ESG investing differently

If a consensus has emerged about ESG investing over the past year, it is that the approach is in dire need of change. Nearly every week brings a new opinion piece setting out where the asset management industry is going wrong and how to fix it. ESG needs to be split into two distinct categories: ‘ESG as input' and ‘ESG as output'. ‘Output' should prevail over ‘input', or vice versa. Decarbonisation should dominate other sustainability objectives. The E, S and G should be separated. There is too much focus on divestment, or not enough. More standardisation is needed. The list goes on. ...