Rajeev Peshawaria's article "3 Reasons Why ESG And COP Meetings Are Not Working" identifies three primary reasons for the ineffectiveness of ESG (Environmental, Social, and Governance) initiatives and COP (Conference of the Parties) meetings:

1. Over-reliance on Incentives and Regulations: Current approaches focus too heavily on incentives and regulations, which often lead to bad behavior rather than genuine responsible actions driven by intrinsic values.
2. Increasing Polarization: Global and political polarization hampers the necessary collaboration and innovation needed to tackle climate change and social inequalities.
3. Lack of Leadership: Effective, values-based leadership is scarce. Many leaders view sustainability as a cost rather than an opportunity to innovate and create long-term value.

Peshawaria advocates for a shift towards "steward leadership," which emphasizes long-term thinking, interdependence, and creating collective prosperity.