That opened the door to sharp commentary on ESG efforts broadly by more than a dozen other state officials and a pullback by some asset managers. Executives and their advisers say companies remain more committed to the “E" in ESG, wanting to respond to climate change. Some CEOs say that environmental factors are crucial to their business, one reason many went to Dubai for COP28, the U.N.’s climate conference. At Coca-Cola, the company published a “Business & ESG" report in 2022; in 2023, it was released as the “Business and Sustainability" report. The fiercest critics of ESG say they welcome less discussion of it.

Source: Wall Street Journal January 10, 2024 07:57 UTC