The article starts with "A general consensus is forming in the business community: An enterprise focus on environmental, social, and governance (ESG) matters can yield benefits to a company." This in a week when a well researched series in the Wall Street Journal concludes that most ESG claims are essentially fraud.
I support studies of important issues but claims that have very little scientific or factual basis should be treated accordingly. Company managements will pursue responsible practices because of their capitalistic pursuit of profit. In a democracy, if people wish to set rules to pursue certain goals not covered by legislation, they need to lobby politicians to change the rules. I have not even touched on the fact that fiduciary obligations make it illegal to make decisions based solely on ESG and directors can be successfully sued.