Researchers Find That ESG Investing May Benefit Consultants More Than Investors
ESG is just a money pit big companies love. A large multinational with a massive portfolio hire some specialists that keep the civil servants happy and produce thick reports that management can wield at anyone objecting. They are masters at a game that serves no purpose but crushing their smaller competitors. Small companies cannot afford a large and specialized ESG department which means they wing it and often lose out in the process. ESG helps the big fish to crush the small fish.
Forbes 
