Opinion
ESG investing isn’t ‘woke’ – it’s capitalism working as it should
Critics like to paint ethical and green investing as a form of socialism, but buying assets to influence them is a sign of a functioning free market.
Aleks VickovichWealth editorSitting 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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