It is surprising what you can justify with inclusion and diversity. Porn, for example. OnlyFans has reversed plans for a ban on sexually explicit content. The platform distributes this on commission, alongside innocuous material.

An alleged boycott by payment processors such as Bank of New York Mellon has evidently been circumvented. This is more obviously a victory for the business model of the UK-based group than the “inclusion” and “diverse community” hailed in a triumphant tweet.

Porn businesses are typically excluded from ethical investment portfolios. Finding companies to exclude can be tricky. A typical pornography screening removes zero companies from the MSCI World style index, according to a 2017 report by Schroders. Expanding the screening tends to capture industries only tangentially linked to porn.