ESG is an acronym that means environmental, social and governance.
ESG is best defined as a framework that helps stakeholders (investors, customers, suppliers, and employees) understand how an organization handles risks and opportunities related to the environment, the social aspect (the relationship with stake holders), and governance (how the organization is managed. See reference
Companies and countries are being evaluated according to this framework, rewarding the ones which align with those principles and punish the ones who doe not. In principle it sounds noble, however, the ESG evaluation is arbitrary, obscure and centralized, a sure route to corruption. ESG is an essential part of the agenda to consolidate capital and centrally plan resource allocation. In essence it will be like a social credit system for companies, which will determine who receives capital and who does not.
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