WITH REPUBLICANS NOW IN control of the House, many within their ranks have vowed to use their power to take on ESG (environmental, social and governance) investing, seeing it as a form of activist-driven "woke capitalism" that has no place in an analysis of a company's valuation or in making investment decisions.
However, ESG is far from "woke." In fact, ESG is best seen as a natural outgrowth of conservatism that has been rejected by Republicans out of pure partisanship, not ideological principle.
ESG gets its woke label because this sort of analytical framework also looks at non-explicitly financial data when deciding whether a company is worth investment. Qualities such as environmental and social impact are examined to determine the effect the company has on the world. Internally, this framework also looks at how the company is run, which turns on factors such as how inclusive and diverse it is and the degree of transparency it operates with. Taken together, these elements get evaluated and graded in much the same manner that a company's creditworthiness gets rated based on its assets and liabilities.
Denne historien er fra February 03-10, 2023 (Double Issue)-utgaven av Newsweek Europe.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 03-10, 2023 (Double Issue)-utgaven av Newsweek Europe.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
All the Right Moves
PR experts tell Newsweek the winning strategies that keep Dancing With the Stars as popular as ever after 19 years
Front Line of History
A fascinating series of snapshots showing a medic's experience of the Korean War have been uncovered by his grandson
CLEAR AND PRESIDENTIAL DANGER
IN A CAMPAIGN THAT'S BEEN FULL OF SHOCKS, COULD AN OCTOBER SURPRISE PROVIDE A FINAL TWIST IN THE RACE TO THE WHITE HOUSE?
'We're Not Beasts, We're Just People'
Trans MMA fighter Alana McLaughlin on coping with societal and family of being the 'bigger person' expectations
Is This France's #MeToo Moment?
The trial of Dominique Pélicot, who has admitted drugging his wife and allowing her alleged rape, has highlighted a culture of sexual violence in the country
Washington is 'Playing With Fire'
In an exclusive interview with Newsweek, Russian Foreign Minister Sergey Lavrov warns the U.S. to accept his country's proposal to end the war in Ukraine or face \"dangerous consequences\"
Zachary Quinto
ZACHARY QUINTO HAS PLAYED DOCTORS BEFORE, BUT HE'S \"NEVER PLAYED a doctor like\" the one he plays on NBC's Brilliant Minds (September 23).
Adam Brody
NETFLIX KNOWS EXACTLY WHAT MILLENNIALS want, and it's to see Adam Brody and Kristen Bell fall in love.
Partners in Crime
Actor Joseph Gordon-Levitt shares his delight at teaming up with Shailene Woodley again in new Amazon Prime movie Killer Heat
HOW TO FIND A WORKPLACE THAT LOVES YOU BACK
Insights from America's Top Most Loved Workplaces