What ESG investing is, and why some politicians are against it
Fox News
ESG (Environmental, Social, Governance) standards set a new bar for investing, though critics find the practice to be "woke" and destructive.
Critics say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. They say ESG is just the latest example of the world trying to get "woke."
The ESG industry, meanwhile, says it helps highlight companies that may be riskier than traditional investing guidelines alone might suggest. That could lead to more stable, safer returns for savers. It also says using an ESG lens could help investors find better, more profitable opportunities.
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