A New York Times article this week shed some light on who is behind the anti-ESG campaign coming from the political right in the United States. Prominent Republican politicians like former Vice President Mike Pence, Florida Gov. Ron DeSantis, and Sen. Tom Cotton of Arkansas have spoken out against ESG in recent months, and several Republican-led states have taken steps to prohibit state investment funds from doing business with asset managers that use ESG principles.
The anti-ESG campaign makes little sense to the many end investors, asset managers, and corporate leaders who see the consideration of environmental, social, and corporate governance information as important to both investor and corporate financial success.
Read more in Morningstar.
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