Outsider chuckled as he sat back in the large auditorium at the Association of Superannuation Funds of Australia (ASFA) conference in Melbourne while the event opened with a video that had ‘regular people’ interviewed about various superannuation questions.
One of the questions asked: “Do you know what ESG is?” in which the participant answered: “Is that a Chinese food?”.
Perhaps, Outsider thought, the chap misheard it for ‘MSG’.
Now, Outsider is not a young lad but likes to think of himself as being in the second prime of his life and was surprised that people who were generations younger than him did not know what a simple acronym stood for when it was something most studies found that ‘young people’ cared so much about.
Perhaps these young folk are more interested in the ‘E’ part – environment and have been neglecting the social and governance side, Outsider pondered.
In any case, Outsider thought, all the delegates at the conference would know what ESG stood for, at least by the end, as so far from what he’s heard every speaker has made it a point to discuss some form of sustainability and ESG.