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ESG Investments Struggled from 2020-2022
(New York, NY) – According to a new report, ESG investments are struggling. The term refers to Environmental, Service, and Governance standards when it comes to making investments. Some call ESG investment funds “woke” because they pursue things like social justice, economic equality, and responding to climate change.
Now, per the Global Sustainable Investment Alliance’s biannual assessment, investments in ESG assets declined by 14% from 2020 to 2022. The absolute value of reported sustainable investing ESG assets during that time slipped from $35.3 trillion to $30.3 trillion.
The report notes Republican-led states have pushed back against ESG investments, and the US is among the nation’s to see the biggest decline in so-called “woke” investing. Congressional lawmakers previously sought to block a rule that permits retirement plan managers from considering ESG standards when making investment decisions. President Biden enacted a veto against that bill, and court challenges against the rule have proven unsuccessful.
