SPRG NEXT SESSION | ESG Backlash – what are we seeing, and what matters?
Recent months have seen some push back against ESG / sustainability policies, with shifts in company commitments and government attitudes.
Some key aspects include:
The US government exiting the Paris Agreement and rolling back many environmental regulations
Some major investors leaving the Climate Action 100+ initiative
Political push back in the EU leading to indications that relaxations to sustainability regulations and reduce reporting burdens are in the pipeline
Concerns that stringent ESG regulations are putting European businesses at competitive and valuation disadvantages compared to US peers.