Sitting in the audience at The Australian Financial Review ESG Summit, it can be easy to forget that millions of people oppose the very concept of environmental, social and governance frameworks on ideological grounds.
A string of business leaders told the Summit they are fully committed to causes like decarbonisation or diversity and inclusion. But in forums far from the Sydney Hilton, the backlash to ESG is gathering steam and shaping up as a flash point in the 2024 US presidential election.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
