US

US anti-ESG hearings not expected to change sustainable investment priorities

US president Joe Biden has already used his veto to block a Republican proposal that would have prevented pension funds from considering ESG factors in their investment decisions (Photo: Ting Shen/Bloomberg).

This month the US house financial services committee is holding a set of hearings on sustainable investing, reflecting political hostility towards the inclusion of environmental, social and governance factors in investment decisions.

In recent years, the growing polarisation of opinion in US politics – which was mostly obviously ...

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