Zuckerberg, other moguls say they’re backing off ESG and DEI but are they for real?

Over the past 18 months, the Environmental, Social, and Governance (ESG) agenda has suffered setbacks in corporate DEI programs, declining investment dollars, and the collapse of the Net-Zero Insurance Alliance.

In just the last month, major banks withdrew from net-zero alliances and Meta dismantled many of its Diversity, Equity, and Inclusion (DEI) programs. ESG seems to be coming unglued. But don’t be fooled.

A closer look at what the banks have said reveals that they are still full of unrepentant ESG financiers. Many of the touted changes are superficial or…