ESG Cynics. ESG-themed investments (that is, those which focus on environmental, social, and governance priorities) are expected to surpass $40 trillion in assets this year, suggesting that the concept has become deeply rooted in global markets. But the term itself is increasingly ridiculed by detractors. Critics claim the term is hazily defined, has failed to reduce income inequality, and has become a political lightning rod. Even some proponents acknowledge that it might be time for a rebrand—while maintaining that the underlying concept remains important. See the link to the Bloomberg article headlined ‘Hating ESG’: Advocates Are Looking to Replace the Label https://www.bloomberg.com/news/articles/2022-08-17/-hating-esg-advocates-rethink-label-as-us-culture-wars-bite?sref=YMVUXTCK&cid=other-eml-onp-mip-mck&hlkid=188cf10c22854ab789c2b8e012f33990&hctky=9431270&hdpid=e33e1947-f934-4b96-9412-a314b6fc5abd&leadSource=uverify%20wall