CFA UK's Will Goodhart: Impact is the solution to ESG's woes

ESG problems have stemmed from the fact that it has come to mean all things to all people. Calastone: ESG funds suffer record £953m outflows in August An ESG fund might do as little as simply take environmental, social and governance factors into account when analysing securities and building a portfolio, it might be seeking to cause no significant harm to people or planet or it might even be trying to do some real good. As others have aptly noted, ‘ESG's adoption outpaced convention', and without standards about what was meant and promised in the use of the term, there are natural...