E&M

Once viewed as a transformative force, the ESG movement is now facing growing skepticism and fragmentation. Divergent political, corporate, and investor attitudes (especially in the US and Europe) are challenging its credibility and effectiveness. Evidence of greenwashing, weak metrics, and superficial integration into executive compensation all reveal structural flaws. While regulatory frameworks evolve, especially in the EU, businesses struggle to balance sustainability with economic performance. Social and governance aspects, including DEI and compensation transparency, are also subject to political backlash and limited implementation. This shifting landscape raises fundamental questions about ESG's future as a catalyst for real corporate transformation—or an empty gesture of symbolic compliance.