From ESG Signalling to Decision Accountability

Over the past two years, ESG has shifted from a reporting-led exercise to a decision-critical input for investors and financial institutions. This shift has not been driven by a sudden change in values, but by the maturation of regulation, capital allocation pressures, and increasing scrutiny of institutional decision-making. ESG is no longer evaluated primarily on alignment or disclosure. It is increasingly assessed on whether the decisions it informs can be explained and defended after the fact.