R to @RookmakerDorien: The anti-ESG backlash has captured public attention and opened up a transatlantic rift. While EU investors boast of their efforts to reach net zero greenhouse gas emissions as quickly as possible, many of their US counterparts are dodging the subject or saying they must defer to client wishes.
The real-world impact is hard to assess. On the one hand, green infrastructure and transition investment funds continue to rake in cash. Anti-ESG legislation has been beaten back in a number of red-state legislatures, and relatively little money has been moved away from blacklisted institutions. The vast majority of investors and fund managers incorporate climate and social risk factors into their decisions even if they don’t call it ESG.

🐦🔗: https://nitter.cz/RookmakerDorien/status/1732282094766719171#m

[2023-12-06 06:13 UTC]