Everything you need to know about ESG investing and the backlash to it

The original concept was that using ESG criteria would help protect investments by avoiding material financial risks. PHOTO: PIXABAY
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The strategy known as ESG investing has grown by leaps and bounds – and landed in hot water.

Its focus on environmental factors, social issues and questions of corporate governance had always attracted people drawn to progressive causes. But in the United States, that association with liberalism has triggered a backlash from Republican Party politicians, with efforts under way in about 20 states to rein in ESG.

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