Anti-ESG sentiments drive higher industry standards
Pushbacks against ESG standards especially in the US provide incitements for even better reporting and transparency, ESG proponents agreed at UN-affiliated summit in Tokyo.
The investment industry — especially in the US — has, since 2022, experienced building pushback against environmental, social, and governance (ESG) investment standards as a “woke” and political approach to asset management.
This anti-ESG sentiment was one of the issues discussed at one of the world's largest conferences on responsible investment, the United Nations’ Principles for Responsible Investment (PRI) in Person 2023, which ran from October 3 to 5.
While the ESG backlash…
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