The Environment, Social, and Governance (ESG) standard has become a hot topic widely discussed by the public, in company board meetings, audit committees, investor forums, and other forums all around the world.
The pandemic, which taught important lessons about the importance of sustainable ecosystems, was one of the catalysts that made this standard widely adopted by companies and turned it into an important corporate strategy.
The concepts which are then adopted have become the industry norm, resulting in a very high investment turnover. ESG-related investments, for example, totaled $22.8 trillion in 2016, $30.6 trillion in 2018, and $35 trillion in 2020.
Unfortunately, despite its noble intentions, this concept is not without the risk of fraud.
Read more… https://integrity-asia.com/blog/2022/10/31/esg-euphoria-and-the-threat-of-the-fraud-triangle/