Green Finance, Member Exclusive

Green Finance Briefing: ESG giving rise to a new political divide

  • ESG is now at the center of a political divide in the US, as Democrats are pushing for policy change while Republicans question their methodologies and intentions.
  • We also look at the rise in federal climate spending, and John Oliver's new episode that explores the topic of greenwashing.
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Green Finance Briefing: ESG giving rise to a new political divide

In the US, the topic of ESG is drawing political battle lines between Democrats and Republicans. These three letters, an unfamiliar acronym to the wider public not too long ago, are now at the center of a new political divide. 

Those on the left feel that ESG is not really about sustainability, but about enterprise value creation. Meanwhile, the right looks at the ESG movement as investors trying to impose a social agenda that hurts companies’ profitability.

“Many Democrats see ESG as an opportunity to pursue desired social change through collective action in the form of democratic capitalism. Most Republicans view the ESG movement as an offshoot of the Green New Deal and therefore akin to thinly-veiled Marxism. While there may be some truth to both views, neither accurately reflects marketplace and regulatory developments over the past quarter century,” argue researchers Daniel Crowley and Robert Eccles in a paper


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