ESG opponents hold conference in London (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The Alliance for Responsible Citizenship, the brainchild of Canadian psychologist and academic Jordan Peterson, hosted its first global conference in London last week, and opposition to ESG was high on the agenda. Among the conference’s attendees and speakers were Republican presidential candidate Vivek Ramaswamy, who is also the founder of what he calls the post-ESG investment firm Strive Asset Management, and Derek Kreifels, the CEO of the State Financial Officers Foundation. Kreifels especially focused on ESG and encouraged government officials and investors worldwide to dig deeper into debates about ESG and its potential impacts:
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Kreifels said in an interview that he hopes the gathering of anti-ESG advocates helps nudge folks in the U.K. to “pick up the mantle” and lay the groundwork for a strategy pushing back on this kind of investing. “Absolutely, this is about sharing what’s working. We’re winning. We’re creating pause in the industry,” Kreifels said in an interview. “There’s already a lot of leaders who have already figured this out — that ESG is a losing proposition. This is going to be an opportunity to give voice and cover to those who may have felt like they were on an island believing that.” … Ramaswamy, who appeared virtually, told the London audience that European companies have suffered financially from not focusing solely on maximizing shareholder returns — and cast the issue as one in which a few corporations undermine democracy by imposing their market power to achieve societal changes not approved by the government.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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