Anyone who takes a risk-based approach to investing will naturally investigate the risks involved. Some of these risks relate to environmental, social and governance issues. Even the Romans worked this out when they created the infrastructure to handle their water and waste. What changes over time is the nature of the risks. In today’s new world, many ESG risks relate to climate change and what’s beneficial to society. Businesses that consider such risks will thus be better investments on a risk-reward basis because they will be better quality businesses. Wh...