For example, US Republican politicians are leading a push back against climate-focused activist shareholders.
After a relative honeymoon during the pandemic years, sustainable investing faced a reckoning in 2022. Environmental, social and governance (ESG) fund labels came under greater scrutiny amid greenwashing accusations, while soaring prices for oil and other commodities tempted some fresh converts to return to their old habits.
As recession fears come to a head in 2023, the ESG world faces two battlefronts: One in the US political arena and the other against mounting costs of living worldwide.
