By HONG KONG (Reuters Breakingviews) - The politicisation, and even weaponisation, of ESG investing is a growing concern. What used to be a reasonably well-mapped and steadily expanding universe of disclosure, compliance and risk measurements affecting market capital allocation has now become a nebulous and sometimes disingenuous race to rate, judge and sanction.These changes are introducing meaningful new risk that on the one hand has resulted in “greenwashing” by devious market participants and on the other hand a rush to politically correct policy directions and populist capital...…By HONG KONG (Reuters Breakingviews) - The politicisation, and even weaponisation, of ESG investing is a growing concern. What used to be a reasonably well-mapped and steadily expanding universe of disclosure, compliance and risk measurements affecting market capital allocation has now become a nebulous and sometimes disingenuous race to rate, judge and sanction.These changes are introducing meaningful new risk that on the one hand has resulted in “greenwashing” by devious market participants and on the other hand a rush to politically correct policy directions and populist capital...WW…