"For example, under the “social” framework, there is tremendous value in an investor’s ability to verify a company’s data security, as breaches can cause litigation, loss of customer loyalty, and other impacts to profitability."Data security is a critical issue, no doubt. But to identify it as your #1 example of a "social score" in ESG in the introduction is just ludicrous. If you ranked all the "social" scores in ESG, you would probably find data security dead last.
They stuck it up there in the intro to make people believe ESG is good.
I still think ESG is just another way to direct more money at progressive politicians etc investments.
Can’t have insider trading but they can try to force outsider investments.