Bankers Hate Saying ‘ESG’ But Are Hardwiring It Into Finance
- Survey shows only 18% of respondents view backlash as obstacle
- Overwhelming majority want politicians to stop interfering
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Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey.
About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the US last year will force firms to stop using those three letters in conversations with clients. However, they’ll continue to incorporate environmental, social and governance metrics in their business, they also said.