The Growing ESG Backlash: Navigating Turbulent Waters
Over the last year, ESG has become a political football as state actors have passed legislation to prevent state pensions and other institutions from weighing ESG factors in investment decisions. These prohibitions have extended to proxy issues cited by proxy advisors to state and local pensions and other funds. These efforts, however, have done little to stem the importance of ESG to shareholders, regulators, and...