The war on ESG doesn’t make sense. Least of all for taxpayers

Johannes Lenhard and Hannah Leach explain how the continued backlash against environmental, social, and governance integration in investing is frustrating because there’s a clear business case and it’s in taxpayer interests.

“I am really frustrated. They [the VC Funds] don’t want to engage when we ask about ESG but they will have to. We are getting somewhere in all other asset classes already.” During our latest conversations with asset owners and limited partners (LPs) in the U.S., some were complaining that the early-stage venture capital (VC) investors they were investing in weren’t keen on ESG.