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March 6, 2023

What is ESG investing and why do some hate it so much?

  • To use an ESG approach is to consider a company's performance on environmental and other measures, before deciding whether to invest in it.
    AP Business Writer

    NEW YORK — After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.

    The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions, following a similar vote by House Republicans on Tuesday. It sets the stage for a potential first veto by President Joe Biden.

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