New ESG Wave Hits Wall With Disinterested Investors

“Not everyone likes ESG” is how Bloomberg columnist Matt Levine titled a recent column in which he discussed pro-ESG arguments and then went on to detail the case of Unilever, which one fund manager said had “lost the plot” because of its fixation on ESG. “Unilever seems to be labouring under the weight of a management which is obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the business,” wrote the head of Fundsmith Equity Fund, Terry Smith, earlier…