Businesses, consumers, investors, and regulators worldwide are in agreement: ESG —environmental, social, and governance — is here to stay. More than 90% of S&P 500companies issued sustainability reports in 2020. The majority of U.S. consumers expectcompanies to operate sustainably: 66% say companies must behave ethically and 63% saycompanies’ behavior is as important as what they sell. As of late 2021, more than $130T inprivate capital had been committed to decarbonization.