New York Times (January 20)
“The money flowing out of funds that invest in companies with environmental, social and governance principles has gone from a trickle to a torrent as investors sour on a sector hit by green-washing concerns, red-state boycotts and boardroom debates.” The phrase ESG “has become increasingly politicized” and has even “been scrubbed from the World Economic Forum’s official program in Davos, Switzerland, after being on the agenda in previous years.”
Tags: Boardroom debates, Boycotts, Davos, ESG, Funds, Green-washing, Invest, Investors, Money, Outflows, Politicized, Red state, Scrubbed, Sour, Torrent
Institutional Investor (September 23)
“The pushback against environmental, social, and governance investing by red state politicians isn’t yet slowing down many asset managers’ expansions into strategies that have been among the most popular in recent years.” There is “no doubt the anti-ESG movement is gaining traction and could disrupt the industry,” but it’s still “business as usual” for “many global managers targeting investors in the U.S.”
Tags: Anti-ESG movement, Asset managers, Disrupt, Environmental, Governance, Investing, Investors, Politicians, Popular, Pushback, Red state, Social, Strategies, Targeting, Traction
