While efforts to push back against environment, social and governance (ESG) policies, on the federal level have run into barriers, many state legislatures are chipping away at it.
ESG rates companies on various markers of progressive-friendly policies related to protecting the environment, diversity in the workplace and community relations. This package of goals is held secondary to shareholder value. Any association with fossil fuel industries quickly gets a fund rated down, but timber industries and gun manufacturinghave also faced pressure from the movement.
