%0 Journal Article %A Ann-Kathrin Behringer %A Robert Bush %A Jascha Dahlhaus %A Irina Sidorovitch %T ESG and Quality Are Not the Same %D 2023 %R 10.3905/jesg.2023.1.067 %J The Journal of Impact and ESG Investing %P 7-27 %V 3 %N 3 %X There is a perception from some investors that ESG and quality approaches are either very similar or that claims of ESG outperformance might in fact be capturing an unintended exposure to the well-documented quality factor instead. The authors enter the debate on this topic by using a 3 × 3 framework to further analyze ESG and quality in the main equity regions, arguing the following: (1) that ESG can be deconstructed into three metrics—E (environmental), S (social), and G (governance); (2) that quality can broadly be thought of as representing three features of corporate performance—profitability, growth, and stability; and (3) that these relationships can usefully be examined across the three main equity regions—North America, Europe, and the emerging markets. The authors report nuances from this more granular approach. %U https://jesg.pm-research.com/content/pmrjesg/3/3/7.full.pdf