GOP Foes of ESG Investing Say It Puts Politics Over Profits. Yet Most Investors Don’t See It That Way

 GOP Foes of ESG Investing Say It Puts Politics Over Profits. Yet Most Investors Don’t See It That Way

As the heads of financial regulatory agencies visited the White House on Monday to discuss the environment and the financial system, they discussed one of the biggest policy battles that is causing waves in Washington and in the private sector — mandating standard corporate disclosures on environmental, social and governance factors.

At the center of the debate: Is it good financial, rather than political,  practice for investment firms to have information on ESG factors, particularly on the company’s efforts to address environmental issues? While many in the financial industry argue that ESG is a growing sector that has a swell of retail investor support behind it, Republicans argue that it’s a way for Democrats and political activists to influence environmental policies while skirting Congress. 

Read full article…morningconsult.com