Finance
For All the Talk About ESG Investing, Nobody Knows What It Means
First the green money came knocking at Energy Impact Partners. Then executives started measuring climate impact.
Photo illustration: Getty/731
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Sustainable investing has become one of the buzziest trends sweeping Wall Street. There are now dozens of conferences organized around the topic. Consulting firms and private foundations are spreading the gospel. Trillions of dollars are piling in.
There’s just one problem: No one is entirely sure what it is exactly or how to define it.