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As I understand it, the gist is that Trump's issued an EO that states Investment Managers have to "prioritize" investor's best interest over advisers. It makes Investment Managers act as fiduciaries when considering investment vehicles/strategies including environmental/social goals (ESGs).

The author says that ESG investing has been pushed without investor consent and doesn't deliver decent returns, often without consent, and doesn't deliver "real world" results.

Younger investors, however, prioritize non-financial outcome over pure financial return on investment (ROI).

Lots of accusations, with little, if any, substantiation of those accusations.

Exactly.

What evidence was provided for that assertion?

None. It's the way they live. Assert, believe, move on. Never let facts get in the way of the story. The reason seems obvious.

Yes, exactly. I would think ANYONE who invests their own money through an investment manager would want said manager to put their best financial interests over other non-related interests.

That's why I chose a CFP that's a fiduciary.
That has absolutely nothing to do with ESGs.

Implementing ESG in an investment plan (or with various vehicles) has shown to be competitively profitable and can positively impact the world around us.

The EO, and I haven't read it, if it targets ESGs then it is incredible government overreach and it's playing market maker.
If it applies to ALL investment vehicles and mandates Fiduciary responsibility, it will upend the entire Financial industry. It will therefor be challenged in court and tossed as total garbage and unconstitutional.

Trump hates windmills and wants no one investing anything in responsible and green alternatives. Just like DeSantis in Florida. I'm pretty sure his EO is total ----. And here you are loving it and Trump using his EO power when you went ape---- over Obama's far less expansive EOs.

ChatGPT.com:

"Compare ROI on ESG investment vehicles against more traditional investment vehicles."

Factor ESG Funds Traditional Funds
Short-term ROI More volatile relative performance Baseline benchmark
Long-term ROI Comparable or slightly higher Comparable
Risk profile Often better downside protection Depends on allocation
Consistency Inconsistent year-to-year Inconsistent
Sector exposure Tilted (tech, ESG leaders) Broad

Final takeaway
The old assumption that ESG sacrifices returns is largely outdated
The newer reality is:
ESG = different risk/return profile, not inherently better or worse