Reddit personal finance investing8/13/2023 ![]() The most overriding factor for all investors is returns, however. Sixty-four percent of Republicans believe fund managers should consider only financial factors when choosing investments, while 59% of Democrats think they should include ESG. “Only when asked to choose between two modes of investing − with or without taking ESG criteria into account − do majorities of Republicans and Democrats take opposing sides,” Saad said. Weather alert: Scientists warn an El Niño is likely coming that could bring scorching heat to Earth Who's winning feud as Disney cancels campus? ![]() ![]() Mickey Mouse vs DeSantis: Disney's Bob Iger vs. Fewer than 40% in each group say they’re very or somewhat familiar with it, and an equal proportion are not at all familiar, the poll shows.ĭespite constant discussions among politicians and media, awareness also hasn’t increased much among either group since 2021, when 33% of Republicans and 38% of Democrats said they were very or somewhat familiar with ESG, it said.Įven among the minority familiar with ESG, Americans were evenly split with 36% viewing ESG positively and 35% negatively, Gallup said. Though politicians and media portray ESG as a Republican (against) and Democratic (pro) difference of opinion, Gallup says that’s not the case.ĭemocrats and Republicans are about equally unfamiliar with ESG. ESG may divide politicians, but not Americans Some states have passed anti-ESG legislation or threatened large money managers like BlackRock that they would lose government investment funds to oversee. They argue that these measures aren't quantifiable, and their potential to change the economy and capitalism for good is exaggerated. In the end, they only create more costs and red tape for companies and unfairly target some like those in oil and gas. They say it's hard to clearly define what a socially responsible company is. They believe socially responsible investing would pay off because it helps companies avoid material financial risks from climate change, labor disputes, human rights concerns in a company’s supply chains, and poor corporate governance and related litigation.īut the political right says ESG is simply an avenue to achieve progressive goals at the expense of shareholders. Silicon Valley Bank blame game: Was Silicon Valley Bank too 'woke'? Why Republicans blame collapse on 'diversity demands' What is the controversy with ESG investing?ĮSG principles are promoted by the Biden administration, the United Nations and other global organizations to minimize investment risk while promoting social responsibility. What's the score?: What is an ESG score for investing? ESG is also "not an intuitive subject that’s easily understood from the acronym or relatable in the context of most Americans’ daily lives.” “Many may simply not be cognizant of the public discussions and debate about ESG, as much of this is reported in the financial rather than front page news,” said Lydia Saad, Gallup’s director of U.S. The remaining people are closely split: 22% view ESG as positive in business and investing, and 19% see it as negative. When it comes to business and investing, 59% have no opinion on whether ESG should be factors. Only 37% said they’re “very” or “somewhat familiar” with ESG, which is essentially unchanged from 36% in 2021. Overall, 22% of Americans are “not too familiar,” and 40% are “not familiar at all” with ESG, the survey said. Most Americans aren’t very familiar with ESG or have an opinion of whether ESG should be incorporated into business and finance decisions, according to a Gallup poll taken from April 3 to April 25. Despite disagreements between politicians, finance leaders and corporate boards over adopting an environmental, social and governance framework in investing, called ESG, Americans don’t care, a new poll shows.
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