Clive Waller: The latest scandal proves ESG isn't a fad

Last week, Chuka Umunna was appointed to head up ESG consultancy at Edelman, the communications company. Last week, Shell announced that it was cutting the value of its oil and gas reserves by $22 billion. A few weeks ago, BP cut the value of its assets by $17.5 billion. This is not just short-term reaction to the coronavirus crisis, but reaction to climate change and the need to cut global dependency on carbon based fuel. Last week, The Sunday Times published its exposé of Boohoo, revealing both its below legal pay and appalling work conditions, increasing the risk of coronavirus inf...