The backlash against ESG is growing. In the US, some lawmakers have implemented rules that have led to asset managers being barred from managing public funds. Meanwhile, farmers are blocking roads across the Netherlands in protest against government plans to cull livestock in the country to cut climate-harming nitrogen oxide.
Building a more sustainable future is not easy and will disrupt our lives.
Indeed, transitioning our economies to cleaner sources of energy is expensive and could lead to blackouts. This will hit the most needy in society the hardest, despite reducing inequality being a goal of some ESG-led investment strategies.
June’s ESG Club looks at how investors are tackling the growing backlash to build a sustainable and fairer future.
