The ESG Initiative at the Wharton School
Republicans plan more attacks on ESG. Investors still plan to focus on climate risk
Vit Henisz on the biggest risks of GOP attacks on ESG and where we stand.
Republicans are planning to use their control of the House of Representatives in 2023 to intensify attacks on companies that account for climate-related risks when they’re making investment decisions.
The Republican offensive might dissuade some investors from publicizing what they’re doing to address climate threats, like rising sea levels and worsening drought. But financial experts say it isn’t shaking a belief that’s spreading among many investors that global warming is creating risks to the bottom line that have to be reckoned with.