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Current ESG scheme leaves emerging economies' efforts unrewarded

International system favors companies from developed countries

| Europe
A thick layer of foam generated by contamination floats on the Yamuna River, India, on Jan 24: pollution intensity will disqualify industries in developing countries from ESG funding when they are the ones needing it the most.   © Anadolu Agency/Getty Images

Jacques Attali is a writer, the president of Positive Planet and the president of Attali and Associates. He served as a counselor to French President Francois Mitterrand and was the first head of the European Bank for Reconstruction and Development.

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