1. If Companies Really Want to Do Some Good, They Should Unbundle ‘ESG’ and ‘DEI’

    If Companies Really Want to Do Some Good, They Should Unbundle ‘ESG’ and ‘DEI’

    The business world is in thrall to six letters — or, more accurately, to two groups of three letters — ESG and DEI. These stand, respectively, for “environmental, social and governance” and “diversity, equity and inclusion.” Taken together, they constitute the ruling business ideology of our age. Both ESG and DEI have generated massive industries. Investment giants, notably BlackRock Inc., State Street Corp. and Vanguard Group Inc., claim that more than a third of their assets, or $35 trillion, are monitored through one ESG lens or other...

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