I believe it all stems from ESG investing principles: firms are incentivized to pander to these ETFs who have mandates indirectly trickling down from the bigges

I believe it all stems from ESG investing principles: firms are incentivized to pander to these ETFs who have mandates indirectly trickling down from the biggest players in the market (who have taken on the moral obligation to establish and distribute our system of ethics via capital allocation). So then what is behind this ESG investing movement? Probably something sinister. nbd.