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Vocal members of the US political right are not happy, creating new laws that ban state investors from backing companies with an ESG agenda. Several fund managers have been quick to take up their cause.
Politicians who argue that ESG forces an agenda on companies that has nothing to do with profitability are swapping one set of values for another, says Oxford professor.
From Bloomberg: Investment professionals are warning that a Republican campaign seeking to wipe environmental, social and governance investing off the financial map puts at risk the savings of ordinary Americans caught in the political crossfire.
A number of sustainable investing champions say it's time for the "ESG" label to be shelved and replaced by something less likely to draw attacks from
ESG has become the subject of intense debate and morphed into a lightning rod for conservatives in the U.S.