US Republicans are picking a fight with some major financial institutions over ESG, or environmental, social and governance investing. That means considering things such as climate risks, labour issues and board diversity when choosing investment funds. The FT’s corporate governance reporter Patrick Temple-West explains why Republicans are upset and what this backlash might mean for the future of ESG*.*
Clips from Fox News, CNBC
For further reading:
US Republicans pull $1bn from BlackRock over ESG investing concerns)
BlackRock: ESG tightrope is hard to navigate)
Making funding flows fair: Must ESG be bad news for emerging markets?)
Greenwashing faces fresh curbs in UK regulator’s crackdown)
On Twitter, follow Patrick Temple-West (@Temple_West)) and Michela Tindera (@mtindera07))
Read a transcript of this episode on FT.com)
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