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Survey finds ESG losing popularity among financial services companies (2024)
| 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 |
A recent HSBC survey of financial services companies found that interest in ESG is waning, and investors have other priorities:
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Investor interest in ESG is showing signs of stalling as fund managers instead focus more on tackling an increasingly challenging political and economic climate, according to a survey published by HSBC Holdings Plc. … The survey, which looked at responses from 150 firms with a combined $6.7 trillion in assets, revealed “weakened” reasons for monitoring environmental, social and governance risks “across the board.” At the same time, there was also evidence that ‘sustainability remains partly as an objective across many funds.” The findings coincide with broader signs of a cooling toward ESG, amid continued backlash fanned by the Republican Party in the US and lackluster returns in key corners of the investment strategy. Against a backdrop of war, energy-supply risks and volatile markets, investors have shown a reluctance to allocate funds to underperforming solar and wind stocks.[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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