Conservatives Waking Up: ‘Responsible Investing’ Could Mean Left-Wing Control
Progressive activists with ideas unlikely to prevail at the ballot box are directing their efforts at big-business boardrooms. We may finally be seeing a turning point in the world of “sustainable” and “responsible” investing. For the past two decades, those labels have been informed by environmental, social, and governance (ESG) theory — a view of corporate conduct driven by left-wing political goals. Recently, however, a collection of property-rights advocates, religious investors, and concerned shareholders have begun to push back against the assumption that only the values of United Nations bureaucrats and World Economic Forum grandees should be allowed to guide corporate decisions.
