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Anti-ESG Republicans say big financial firms are abusing their power to advance a liberal agenda on issues like diversity, social justice and, especially, climate change.
Many experts disagree, saying Republicans are distorting the goals and strategies of ESG investing.
It’s hard for most people to get a clear read of what ESG is amid the overheated rhetoric. Is the idea to bring about social changes that couldn’t be achieved at the ballot box? And what does it mean for things like your 401K when investors follow ESG principles?
This FAQ is for anyone who wants to better understand an investing trend that is becoming core to global financial markets and a new battlefront in American politics — including, possibly, in your own state.