Environmental, Social, and Governance, known widely as ESG, is a concept in finance that essentially uses “wokeness” as a measure of a company’s value or worthiness of investment. Thus, it is a form of financial malpractice. It is fundamentally dishonest to misrepresent a company’s financial soundness by subordinating financial considerations to political judgments and end-of-the-world superstitions.

But since corporate leaders may not be convinced based on what’s honest, here it is in the language they might understand: It could get you sued, and it could become very expensive.