Last June, in the depressing depths of the pandemic, my colleague Joe and I wrote about how the triumphant talk that funds making investments on the basis of ESG factors had shown they could not just survive but thrive in a crisis may have been premature. The reason, as we pointed out, was that every crisis is different and a crisis that shut down global economic activity and forced those who could work from home to use big tech products would play to ESG’s strengths, while a different type of crisis might not.