ESG & Investing
Wall Street Starts Calling Time on ESG Labels After Backlash
While some US banks and money managers are scaling back references to the three letters, the finance industry hasn’t lost its focus on opportunities to profit from climate-related investing.
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At Institutional Investor, keeper of Wall Street’s version of the Oscars for financial analysts, the winner in one category this year is — nobody.
The red carpet is being formally rolled up for the three letters, ESG. The 57-year-old II has dropped the label, short for environmental, social and governance, from its annual analyst rankings.