It’s counterstrike time: the Republican-led movement against environmental, social and corporate governance (ESG) investing came under fire at a major environmental conference on May 30.
“I don’t think there’s any chance that the anti-ESG movement will win,” said Witold Henisz, a vice dean and faculty director of the ESG Initiative at the University of Pennsylvania’s Wharton School.
Yet, for now, “there is real concern and fear” in the business world about defending ESG, according to Henisz.
Sustainability Week is being held by The Economist, a free-market, socially liberal publication based in London.
Speakers at the three-day event include numerous Biden administration officials and other influential Democrats, alongside figures spanning the corporate world, the environmental movement, Hollywood, Silicon Valley, the Ivy League, climate philanthropy, high finance, and defense contracting….