The environmental, social and governance (ESG) landscape continues to evolve.  This article examines whether short selling non-ESG focused companies can come with a benefit or not, noting differences between the US — where ESG remains a market-driven and largely voluntary concept — and the EU, where a first generation of regulation and guidance is about to be updated.  As US regulators focus on disclosure and definitional issues for ESG, this type of data and inputs can certainly inform and enhance the discussion.