“ESG investing has not disappeared, but it has changed. Longitudinal survey data from U.S. retail investors and large institutional asset managers show that early enthusiasm—especially among younger investors—has converged around a more pragmatic, risk-first approach.”

[OMMENTARY] The belief in the constructs underlying ESG has been ‘recalibrated’ in most companies and among investors. They have not given up on ESG’s basic premises. Survey participants were Americans. Outside the US, could provide different results.
Research Reveals a Fundamental Shift in How Investors View ESG, by David Larcker, Brian Tayan and Amit Seru, February 18, 2026, HarvardBusinessReview, USA.