
NEW YORK (AP) — After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too.
Florida Gov. Ron DeSantis and other Republicans around the country are criticizing funds that consider environmental, social and corporate-governance issues before deciding whether to invest in a stock or a bond. They call it “woke” behavior gone amok.
For years, the ESG acronym was a term known only within the investment world. Supporters say using such a lens to scrutinize potential investments can uncover risky companies with stock prices that are too high, or reveal investment opportunities underappreciated by Wall Street.
Read more on the Associated Press.
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