ESG investment rule emerges as top ‘woke’ target for Republicans battling Biden
Fox News
Democrats and Republican lawmakers are sounding the alarm that the Biden administration's ESG priorities may be detrimental to the financial well-being of Americans.
Social criteria examines a company's relationship with employees, ethics, engagement with nonprofits and stake in the community. Governance considers the corporation's leadership, overall ethics and standards, and it includes the makeup of the board of directors and the recipients of their donations. Kelly Laco is a politics editor for Fox News Digital.
Experts previously told Fox News Digital that ESG is often difficult to fully define because it's dependent on personal interpretation. There were more than 600 ESG raters and rating systems globally as of 2018, according to the Sustainability Institute from ERM.