ESG investing has been in trouble for a few years now. This is despite all the resources and attention accorded to it in academia and by bigger commercial institutions and governments. Universities, big banks, larger investment funds and governments are promoting ESG from every public platform possible. However, investors are starting to show scepticism when it comes to accepting the impact finance proposition. Regulators are worrying about rampant abuses of public trust within the subsector. And general public attitudes are beginning to turn on ESG. The risk is that impact finance may be heading the way that ethical investments went…

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