Two seemingly distant events, one involving an academic conference, the other a German car maker, have come to highlight for me the perilous nature of the environmental, social and governance (ESG) risk journey the world of investing has been on. It’s been a journey of doubt and mistrust in ESG robustness but one of growing realisation about the importance of the three pillars of this risk framework. The carmaker in question is Volkswagen. The company has been caught red-handed continuing to supply the Russian market with its cars, despite announcing back in 2022 that it will shut down all operations…

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