If you told me ten years ago that Giant corporations would be fighting to protect individual liberties I wouldn't believe it but here we are.
https://www.sec.gov/news/press-release/2021-42
It’s taking over Wall St because there was a ruling saying that ESG is now a primary criteria for the well-being of plan participants, instead of just profit.
https://public-inspection.federalregister.gov/2021-22263.pdf
So naturally the investment industry sees the fees for ESG active management as an escape from low-fee index funds.
So there’s a lot of money pouring into ESG, and the corporations all fight for allocations with the fund managers.