ESG

The backlash to the ESG backlash has begun. While there have been murmurings of discontent, not least from 19 US Republican attorneys general who wrote to BlackRock to complain about its investment priorities, many in the market have doubled down on ESG. This is easier to do when doing good goes hand-in-hand with doing well and, as more and more managers are realizing, prioritizing ESG in fact boosts returns rather than acting as a drag.