PT - JOURNAL ARTICLE AU - Omrane Guedhami AU - David Louton AU - Hakan Saraoglu AU - Ying Zheng TI - ESG Investing: A Decision-Making Paradox? AID - 10.3905/jesg.2022.1.054 DP - 2022 Aug 31 TA - The Journal of Impact and ESG Investing PG - 7--30 VI - 3 IP - 1 4099 - https://pm-research.com/content/3/1/7.short 4100 - https://pm-research.com/content/3/1/7.full AB - Debates about the attributes of environmental, social, and governance (ESG) investing are ongoing. The definitions, integration methods, performance outcomes, and data consistency are all developing. Against this backdrop, we explore whether ESG investing constitutes a decision-making paradox in which selecting a desirable set of stocks for inclusion in an ESG portfolio simultaneously requires adopting a desirable decision-making method to select those stocks. Comparing the results from two multicriteria decision-making methods for selecting ESG portfolio stocks, we illustrate the sensitivity of the resulting selections to various approaches. We recommend a series of practical steps for resolving the paradox.