“But despite the momentum, the anti-ESG crowd has handed a gift to ESG proponents, crossing a line free-market purists had not previously stepped over. Anti-ESG activists have legitimated consideration of values, not just value, in making investment choices. Unfortunately, ESG champions are squandering this gift, sticking to a risk-based financial argument and not embracing the more values-based line of attack that will resonate with more Americans.”
[COMMENTARY]Yes, the anti-ESG crowd is proclaiming that values other than strictly financial returns are fine to include in pension fund strategies! How ironic! So, we in the ‘ESG community’ need to point this out to them!
It’s Time for ESG to Fight Back, by David H. Webber, November 11, 2022, Barron’s, USA.