ESG the acronym stands for Environment, Social Governance. Initially brushed off as a passing fad, irrelevant, a side show, ESG is now the centerpiece worldwide in every major financial transaction. ESG underwriting is incorporated into individual retirement portfolios identifying superior risk adjusted returns. What was once considered irrelevant, non financial data is now equal to, if not more relevant than past financial performance. Externalities unreported in the past now incorporating ESG underwriting accounts for: Environmental pollution, Co2 emitted gases. Social consequences, LBGT, gender bonds, work equality/conditions, Governance board equality/compensation, ethical decisions, and evaluation of all potential risks.