Environmental, social and governance data reporting by businesses has increased dramatically over the last 25 years, and investor interest in this data has also increased. A larger worry that capitalism has not been able to adequately solve the issues of growing social inequality and environmental deterioration is reflected in this increase. Since they see them as potential tools to go beyond simply “reimagining” capitalism to “reshaping” it, several stakeholders have pushed for improvements in corporate reporting and measurement. Enhancing openness, they contend, may promote more responsible business conduct and better results for workers, clients, the environment and nearby communities. Some people think that ESG data is useful for investments since it indicates that businesses that follow ethical social and environmental standards would do well financially. According to this point of view, wider disclosure of ESG data can improve market efficiency and help investors make better judgments. On the other hand, some opponents cast doubt on the veracity of ESG disclosures, contending that businesses that prioritise social responsibility could be less profitable due to their reduced level of competition. It was unclear as the business world moved into the second half and questioned whether ESG measurements would be widely adopted and if so, if this would lead to significant systemic change.