Environmental, social, and corporate governance (ESG) has been one of the most popular investment trends in recent years. While it encourages businesses to be more environmentally and socially responsible, it’s frequently criticized for advancing a “woke” agenda.
Republican governors such as Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott are among many who speak out against ESG. The disapproval has led multiple state treasurers to withdraw state funds from asset managers such as BlackRock, which have pioneered the ESG movement.
