Corporate Cancel Culture: how ESG came to rule our investments sets out how Environmental, Social, Governance (ESG) investing is damaging the economy. The report shows how costly and bureaucratic rules on diversity and sustainability is holding back our businesses, diverting investment away from successful companies and making the country poorer.
The report also warns that the systematic exclusion of defence companies from sustainable or ethical investment portfolios mean that defence industries in democracies are now “treated as pariahs which deserve to be starved of capital.” – fundamentally damaging our ability to defend ourselves or support allies such as Ukraine.