ESG is a signal that big asset owners who hold hundreds of billions of dollars are clueless in their predictions of the economic cycles, and so they resorted to pursue social trends instead.<p>They mistakenly think that what they hear on the news is the sole preoccupation of their policyholders/rightholders whereas in reality when somebody is complaining about political or social themes their brain load is usually very low, and it's essentially garbage time (using sports lingo)