Thursday, December 7, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > ESG initiatives face pushback in the U.S.

ESG initiatives face pushback in the U.S.

in News
Esg initiatives face pushback in the u. S.
Share on LinkedinShare on WhatsApp

A Republican-led pushback is gaining momentum as conservative financial firms and activists challenge companies over their efforts related to climate change and social inequality.

The increase in oil prices in 2022 had a negative impact on many ESG funds that had moved away from energy stocks responsible for producing a large share of climate-damaging carbon emissions.

Meanwhile, pro ESG corporations and activists have also made significant inroads in the past year. Last January, Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc (NYSE: BLK) sent a powerful missive entitled The Power of Capitalism, in which he stated, “Stakeholder capitalism is not about politics.” In a subsequent interview with CNBC he stated he was frustrated with the process of the energy transition, saying it would require “a combination of government and private sector and that’s just not happening.”

BlackRock, along with JPMorgan (NYSE: JPM), Goldman Sachs (NYSE: GS) Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC), was later barred from winning state business from West Virginia because of its stance on climate change. Other states, including Texas, accused BlackRock, Bank of America (NYSE: BAC), and other banks of boycotting fossil fuel companies, and Florida stated it would pull $2 Billion in investments from BlackRock.

However, Pro-ESG corporations have the support of Democratic state officials, which collectively have more money to invest. Influential left-leaning groups are also committed to supporting ESG efforts.

Another challenge facing climate change initiatives is the prevalence of “greenwashing” wherein corporations issue misleading statements that exaggerate their ESG efforts.

The politicization of environmental efforts further complicates an already complex situation as scientists continue to report that when it comes to saving the planet as we know it, time is running out.

Tags: Climate ChangeESGESG Backlash

Related Posts

Us mortgage refinance demand surges 14%
Industry

US mortgage refinance demand surges 14%

Us consumers purchased one million evs in 2023
Industry

US consumers purchased one million EVs in 2023

Mcdonald’s aims to add 9,000 new locations by 2027
Business

McDonald’s aims to add 9,000 new locations by 2027

Sag-aftra ratifies deal with amptp
Industry

SAG-AFTRA ratifies deal with AMPTP

Stellantis to relaunch fiat 500e ev in us market
Business

Stellantis to relaunch Fiat 500e EV in US market

Wells fargo cautions on high fourth quarter severance fees
Management & Leadership

Wells Fargo cautions on high fourth quarter severance fees

Cvs to restructure prescription drug pricing
Business

CVS to restructure prescription drug pricing

Us job availability reaches two-year low
Industry

US job availability reaches two-year low

Gold prices reach all-time high
Industry

Gold prices reach all-time high

Panera bread files for ipo
Business

Panera Bread files for IPO

No Result
View All Result

Recent Posts

  • Paris to build ‘urban forest’ amid city infrastructure
  • Google reveals advanced AI model, Gemini
  • TV bundles aim to retake streaming’s crown
  • US mortgage refinance demand surges 14%
  • US consumers purchased one million EVs in 2023

Recent Comments

  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023
  • Lab-Grown Milk Has Huge Potential to Disrupt Dairy – Simply Commodities on The dairy industry is in trouble

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
advertising@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
advertising@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In