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ESG backlash dominated headlines in 2023, but it's still 'quietly' reshaping industries behind the scenes

For its critics, ESG might as well be a four-letter word.

It represents woke capitalism. It propels a for-profit nanny state.

Yet for all the political haymaking over environmental, social, and governance efforts — such as Republicans throughout the country pushing anti-ESG legislation and threatening to pull state investments from companies that follow ESG principles — few companies seem to be walking away from their efforts entirely.

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