Sustainable investing US anti-ESG discourse implications

The House passed a bill that prohibits ESG-focused strategies from being the default investment option in ERISA plans. (UBS) The flow of state-level initiatives is likely to continue into next year as failed or pending bills are likely to be introduced again in the next legislative session across the country.

To understand the implications for investors, we looked at a sample of 96 ESG-related bills and regulations introduced or approved until the end of April 2023. We categorized two-thirds as “anti-ESG” and one-third as “pro-ESG.” Broadly, they were divided across states in predictable partisan lines, and thematically can be categorized […]

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