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Criticisms of ESG change dependant upon viewpoint and region of focus. These parts contain data high-quality and a lack of standardization; evolving regulation and politics; greenwashing; more info and variety from the definition and assessment of social good.[four] Some critics argue that ESG serves as being a de facto extension of governmental regulation, with significant expenditure firms like BlackRock imposing ESG benchmarks that governments are not able to or do not directly legislate.}