They also acted as fuel to the fire for the anti-ESG war waged by Republican officials, who say ESG is woke capitalism promoting left-wing ideologies that jeopardize investment returns and companies’ bottom lines.
S&P Global drops ESG scores amid political backlash, investor confusion
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ESG advocates argue that the cost of not factoring in climate-related risks could end up costing investors far more in the long run.
Showdown brews in Texas between GOP, finance firms over retirement funds
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