Who Benefits From The Fight Against ESG?
While all of this may be great rhetoric to motivate a political base, what is the ultimate goal of this fight and who does it benefit?
But these politicians don’t care about the difference between ESG and sustainable investing. They are focused on what they consider to be a “woke” form of investing. Simply put, ESG investing is not woke investing – it is expanded due diligence investing.
This may make those who aren’t evolving with the new economy nervous, such as fossil fuel companies and the politicians who support them, but it is where the economy and markets are going. Ignore it at your own peril.