The pushback to ESG has come in response to new ESG-type initiatives being pushed by the federal government as well as the simple fact that ESG has become increasingly accepted by corporations, many of which have tethered themselves to activist groups.
Just a few years ago, no politicians were talking about environmental, social, and governance principles, known as ESG, but ESG has emerged over the past couple of years as a major flashpoint. The fierce pushback to ESG has come in response to new ESG-type initiatives being pushed by the federal government as well as the simple fact that ESG has become increasingly accepted by corporations, many of which have tethered themselves to activist groups.
The first mention of ESG in its current context came nearly two decades ago, in 2004, in a report by the United Nations, according to the Corporate Governance Institute. The report called on business stakeholders to embrace the movement in the long term. Certain entities, such as the U.N. and other international organizations, have been influential in pushing for a shift toward corporate stewardship and ESG.
“I think it may have been at that point where BlackRock sort of defined ESG risk as investment risk,” Oaks said. He added that after BlackRock’s plunge into the ESG realm, other investment managers began to follow suit, which can be seen through proxy voting. “Once you introduce another objective like ESG, then you are, by definition, going away from that fiduciary standard,” he added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why abortion is becoming a political minefield for Republican presidential candidatesThis week, the Republican presidential field will considerably expand, with the entry of former Vice President Mike Pence, former New Jersey Gov. Chris Christie and North Dakota Gov. Doug Burgum.
Leer más »
Why abortion is becoming a political minefield for Republican presidential candidatesRepublican presidential candidates face a tightrope act on abortion rights in a general election, where they will either have to break their promises to conservatives or alienate moderates. Here's how Republicans arrived at this challenging crossroads.
Leer más »
WATCH LIVE: House Oversight Committee holds ESG hearingThe House Oversight Committee will hold a hearing on environmental, social, and governance, or ESG, topics on Tuesday.
Leer más »
If Crypto Wants Institutional Dollars, It Needs an ESG Game Plan: Consensus 2023 Attendees'While there are some in the crypto industry that want to dismiss ESG entirely participants in a roundtable discussion at Consensus considered how to embrace ESG and not hide from it.' Report by thesamreynolds ConsensusAtC23, presented by Hedera
Leer más »
A German state won't buy Treasurys because US fails its ESG standardsA German state refuses to buy Treasurys because the US doesn't meet its ESG standards
Leer más »
ESG emerges as sleeper issue in the 2024 presidential campaignAn obscure movement to push corporate America to the left could play a major role in 2024. POTUS’s first veto was in defense of a rule allowing pension fund managers to make investment decisions based on factors many consider to be “woke.”
Leer más »