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How environmental, social, and governance reporting grew up It’s a coming-of-age story that will change the way businesses operate. Photograph by Hildegarde Decades in the making, with a cast of characters including investors, activists, and international bureaucrats, the story of ESG has all the hallmarks of a classic coming-of-age tale. What started out as a way to measure the environmental, social, and governance performance of a company for the purposes of gauging risk is now a major force driving business strategy. The gangly teenager in the corner that few took notice of is now moving to center stage. Related stories ....