Corporations Are Losing the ESG Battle, Forcing Them to Hide Advocacy

‘If what these groups and these asset managers were doing was so righteous, why are they running from it now?’ says Montana attorney general.

Illustration by The Epoch Times, Getty Images, Shutterstock

Wall Street titans appear to be having an increasingly hard time reconciling the conflicting goals of progressive activism and shareholder returns.

Until recently, many banks, asset managers, and insurers portrayed these goals as complementary, asserting that climate risk is financial risk and that the competence of management can be assessed by its commitment to social justice goals.