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.
Lisa Woll is the CEO of US SIF, an industry group advocating sustainable investing whose members control $5 trillion in assets under management or advisement. Woll, who will be stepping down in early 2023, spoke with The Associated Press about ESG becoming a political football. The interview has been edited for clarity and length.
Read more from the Associated Press.
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