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Sustainable Investing: ‘Confusion and outright lies’: Congress and the importance of informed ESG policy-making

Sustainable Investing

When lawmakers blame the collapse of Silicon Valley Bank on ‘ESG and woke capitalism’ without any basis, it reveals a gross misunderstanding of the goals and purpose of sustainable investing, says US SIF’s McGannon

House Republicans shown earlier this year during the long process to elect Speaker Kevin McCarthy. Members of the party, and some of their Democratic colleagues, have twisted the word ‘woke’ to invoke criticism of environmental, social and governance, or ESG, investing. Florida Gov. Ron DeSantis, a probable 2024 candidate for president, has introduced sweeping anti-ESG legislation in the state.

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Sustainable investing plays a vital role in the U.S. economy as investors increasingly realize that their investments also have tangible environmental and social impacts on society and the planet.

Many retail and institutional investors have considered environmental, social and governance (ESG) factors in their investment decisions for decades, seeking to reduce risk, identify opportunities and align their investments with their client’s values. But only recently, sustainable investing has drawn scrutiny from media and policy-makers….

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