Thursday
September 1
2022

Viewpoint: Red State Republicans’ War on ESG Will Have Losses on Both Sides

The financial consequences for most asset managers and banks from all the anti-ESG rhetoric coming out of the mouths of Republican politicians in the US is almost certain to be minimal—at least for now.

Even if money managers who consider ESG criteria were banned from handling public pension funds in states such as Florida, Texas, Oklahoma, and West Virginia—where ESG skepticism is high—a back of the envelope review supports the notion that any business losses would be insignificant relative to the firms’ overall bottom line.

Photo credit: Gratisography

 

Source: Bloomberg (link opens in a new window)

Categories
Investing
Tags
ESG investing, government, impact investing