Beyond the fringe



The incorporation of environmental, social and governance (ESG) factors into investing used to be a fringe concern. Specialist ethical funds might have attracted the investments of cat-lovers, greens and peaceniks, but ESG was not viewed as relevant for serious institutional investors, except perhaps for some dabbling by public sector pension funds in the more socialist European countries. But those times have passed.

Corporate governance was high on April's G20 agenda because of the

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