Which of the following aspects does NOT typically fall under ESG factors?

The correct option refers to financial performance metrics, which are not typically classified as ESG factors. ESG, which stands for Environmental, Social, and Governance, focuses on the qualitative and quantitative aspects related to how a company impacts the environment, manages relationships with employees and stakeholders, and upholds governance practices.

Environmental impact of operations covers how a company's activities affect the ecosystem, such as carbon emissions and resource usage. Corporate governance structures pertain to the frameworks and processes that govern a company, helping ensure accountability and ethical leadership. Employee satisfaction rates fall under the social aspect, reflecting how well a company engages with and supports its workforce.

While financial performance metrics are essential for evaluating a company's overall health and attractiveness to investors, they do not fall within the ESG realm. Instead, they are metrics used primarily to measure profitability, revenue growth, and financial stability. Understanding this distinction is crucial for analyzing investments through an ESG lens, as investors assess not only traditional financial performance but also the broader impact a company has in its operations and governance.