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Many conventional US academics have always had problems with ESG integration. Partly, they just don't understand it and often think of it as "philanthropy", and, partly, they know who pays the piper.

They have employed "straw man" arguments. They should read the 2005 UNEPFI/Freshfields report https://www.unepfi.org/fileadmin/documents/freshfields_legal_resp_20051123.pdf for a better understanding:

"Rather, in our opinion, it may be a breach of fiduciary duties to fail to take account of ESG considerations that are relevant and to give them appropriate weight, bearing in mind that some important economic analysts and leading financial institutions are satisfied that a strong link between good ESG performance and good financial performance exists."

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