The End of ESG as We Knew It. ESG is not collapsing. It’s being repriced. Billions are leaving ESG funds while trillions remain in motion. Regulations are tightening, funds are being reclassified, and capital is shifting toward risk, infrastructure, and real-world exposure. From climate risk and supply chains to insurance and capital flows, this episode breaks down what is actually changing behind the ESG narrative. Sustainability is no longer about positioning. It’s about cost, risk, and survival.