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Pensions Push Back at ‘Ridiculous’ DeSantis-Led Attacks on ESG

The decision by numerous US Republicans to ignore environmental and societal investment risks imperils $57 trillion of savings, according to industry executives.

Ron DeSantis

Ron DeSantis

Photographer: Eva Marie Uzcategui/Bloomberg

After watching key GOP figures launch an all-out political attack on ESG, senior officials from the $57 trillion global pension industry are speaking out against the risks such an agenda poses to long-term savings.

Matti Leppala, chief executive at PensionsEurope, said efforts to lambaste ESG based on an assessment of short-term returns are “ridiculous” and “meaningless.”