What Is E.S.G., and Why Are Republicans So Mad About It?

<p>The principle behind E.S.G. is that investors should look beyond just whether a company can make a profit and take into account other factors, such as its environmental impact and action on social issues.</p><p>But critics of that investment strategy, mostly Republicans, say that Wall Street has taken a sharp left turn, attacking what they term “woke capitalism.”</p><p>Guest: <a href="https://www.nytimes.com/by/david-gelles?smid=pc-thedaily">David Gelles</a>, a climate correspondent for The New York Times.</p><p>Background reading: </p><ul><li>How did environmentally conscious investing became<a href="https://www.nytimes.com/2023/02/28/climate/esg-climate-backlash.html"> a target of conservatives</a>?</li><li>Republicans are likely to keep making E.S.G.<a href="https://www.nytimes.com/2023/03/02/business/dealbook/esg-biden-white-house-congress.html"> a political punching bag</a>.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>