Big businesses keep backing away from "ESG" and "DEI" as the political heat around these buzzwords mount in an election year. The moves followed a wave of political pressure on the climate coalition, with House Judiciary Committee Chair Jim Jordan (R-Ohio) even issuing a subpoena. Former President Trump has promised to banish ESG "forever," while a top Trump ally has called DEI "bigotry." Republican-led states are also aggressively pushing companies to revisit their DEI policies and suggesting they could be illegal. (Bill Clark/CQ-Roll Call, Inc via Getty Images) (Bill Clark via Getty Images)A shift on multiple frontsCompanies are shying away from ESG and DEI in other ways.

Source: ABC News February 25, 2024 15:20 UTC