Do we need a clearer definition of 'responsible investment'?

'Responsible' or environmental social and governance (ESG) investing means a great many different things to a great many different people. For some hard-right Republicans in the US, it sits at the apex of the "woke capitalism" that they regard as simultaneously terrible for business and yet somehow dangerously influential across the corporate world. For some on the left, meanwhile, ESG is synonymous with greenwashing. When it comes to conserving the environment or social justice, they argue, the profit motive can never truly be trusted. The financial sector would reject these caric...