ESG's next challenge: engagement or exclusion?

There is growing accord among global investors that, when it comes to effective ESG investing, it’s good to talk.    The idea is that investors act as active owners and stewards and regularly engage with each other and the companies they invest into. By doing so in a coordinated fashion, the argument goes, they can successfully push these investees to change their behaviour to better meet pressing issues such as climate change or diversity and inclusion.   That is easier sai…