ESG: Backlash to the Backlash

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As with any function that impacts the public domain, environmental, social and governance (ESG) investing has become political. Media commentators opine that ESG investing warps free market capitalism by stressing non-investment criteria and, therefore, weakens the dynamism of the economy. These criticisms and the counter arguments favoring ESG investing reached a climax over President Biden’s veto of Congress’ attempt to invalidate a U.S. Department of Labor (DOL) rule that allowed All access premium subscription

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