Companies still see ESG as a brand-booster, not a moneymaker

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Execs aren't convinced ESG investments deliver profits. The skepticism might undercut sustainability budgets. Presented by Deloitte.

This article is part of Insider's weekly newsletter on sustainability, written by Catherine Boudreau, senior sustainability reporter.

You can't blame some of the execs for being skeptical. The explosive growth in ESG spending has created a lot of confusion about its influence on corporate performance and investor returns, and research examining the trend has found mixed results. , and regulators are amping up scrutiny, muddying the waters.

But, he said, companies that see ESG efforts only as good public relations risk overlooking more-tangible benefits.

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