Insider Q&A: The ESG industry on becoming a political target
By STAN CHOE
AP Business Writer
NEW YORK (AP) — After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too. Politicians around the country have been criticizing funds that consider environmental, social and corporate-governance issues before deciding whether to invest in a stock or a bond. They call it “woke” behavior gone amok. Lisa Woll is the outgoing CEO of US SIF, an industry group advocating sustainable investing whose members control $5 trillion in assets under management or advisement. She spoke with The Associated Press recently about ESG becoming a political football.
