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ESG Is Now Toxic

Here’s our Wall Street Journal headline of the day:

According to the story: “Many companies no longer utter these three letters: E-S-G.

Following years of simmering investor backlash, political pressure, and legal threats over environmental, social, and governance efforts, a number of business leaders are now making a conscious effort to avoid the once-widely used acronym for such initiatives.”

Pardon us while we at CTUP take a little bow for exposing the epidemic of ESG madness in corporate board rooms and helping create this healthy “investor backlash.” Last year we issued our Playing Politics with Pensions report where the big money management firms were exposed on the pages of ESG with F grades for their proxy voting in favor of radical WSG initiatives. Now these firms are sprinting away from the concept.

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