ESG finds itself at crossroads after investing in Putin’s Russia

Paul Clements-Hunt, who led a group that coined the term ESG back in the mid-2000s, said it’s now clear that “ESG investors have failed.”
Photo: Marton Monus/Reuters/Ritzau Scanpix
Photo: Marton Monus/Reuters/Ritzau Scanpix
Saijel Kishan, Alastair Marsh and Frances Schwartzkopff / Bloomberg

An investing movement that promotes itself as a protector of people and the planet has somehow found itself providing capital to the autocratic regime behind Europe’s worst military conflict since World War II.

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