Is ESG now irrelevant?

In 2024 alone, over 100 investment funds in Europe dropped ESG-related terms from their names. Major institutions like BNP Paribas are rethinking sustainable finance, while the EU faces mounting pressure to scale back its ambitious ESG disclosure rules. At the same time, investors are shifting their focus, prioritising financial viability over rigid ESG frameworks and opting for more targeted sustainability strategies. This raises a crucial question: Is ESG now irrelevant, or is it simply evolving?