Some advocates of ESG practices from the business world oppose the charge that ESG is anti-capitalist.
Environmental, social, and governance testing (ESG) brings with it immediate partisian connotations. Favorable use of the term "ESG" is a nearly perfect indicator of support for a whole set of Democratic Party policies. Meanwhile, to criticize it is a GOP marker. Some advocates of ESG practices from the business world, such as Michael Bloomberg, however, oppose the charge that ESG is anti-capitalist, arguing that it is an example of private firms acting in the interests of their clients.
The Bloomberg claim has, in turn, drawn criticism from commentators such as Stand Together's Russ Greene, who, in these pages, has argued that...
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Jordan McGillis is a Paulson Policy Analyst at the Manhattan Institute
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