‘Hating ESG’: Advocates Are Looking to Replace the Label
- Oxford’s Robert Eccles says ‘ESG’ label has lost its value
- ESG’s defenders say movement is now too big to switch off
Florida Governor Ron DeSantis, a potential 2024 presidential candidate, wooed voters last month with a pledge to “protect” them from the ESG movement.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something less likely to draw attacks from both the political right and left.
Robert Eccles, a professor who’s spent the past 12 years researching sustainability at Harvard Business School and now University of Oxford’s Said Business School, says the term “just doesn’t have value anymore. Let’s change the conversation.”