Hand holding light bulb with ESG icon concept for environmental, social, and governance in sustainable and ethical business Source: Adobe Stock

Environmental, Social and Governance (ESG) is an old construct with a snazzy name and (ugh) another acronym. People tend to lump ESG with CSR whilst examining such standards as GRI, UN SDGs and TCFD. Oh, and don't forget that DEI and serving LMI households also fall under ESG which may lead to LDI and CDFI certifications. By making simple things complex we lose sight of the perspective of David Blood, a pioneer in ESG investing, who provides a simple but effective definition of the topic: "… [the] explicit recognition that social, economic, environmental and ethical factors directly affect business strategy."

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