Environmental, social and governance (ESG) investing is booming. Driven by concern about the environment and social issues, as well as the promise of outsize returns, investors have ploughed much capital into ESG-focused funds and other investments. Morningstar reported in 2020 that there are more than $1-trillion (R14-trillion) in assets in global sustainable funds.

But amid that growth, some have raised concerns that companies are simply using ESG as a marketing tool without making any real effort to tackle these issues. ..

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