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In the US, midterm elections are coming up in just a couple of weeks and ahead of those there's been this war of words popping up from Republicans in state capitals around the country.

And we're not talking about abortion rights or gun control or immigration.

We're talking about one acronym plucked straight from the world of

finance. E. S. G. As in environmental, social, and governance investing.

Republicans broadly have identified ESG environmental,

social, and governance investing as a political issue. That's Patrick Temple West. He's the FT's corporate

governance reporter. Now something that has been a small but growing segment of

the financial sector a way to screen companies for

potential risks, potential opportunities has become weaponized.

...