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Risk of rising anti-ESG legislation in the US

by Futures Centre, May 24
1 minute read

In the United States, Republican lawmakers in 37 states have introduced 165 anti-ESG pieces of legislation. About one-third of the anti-ESG proposals in 2023 was focused on diversity—asking companies to report on the ‘risk’ that their anti-discrimination or racial justice efforts pose to their business.

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So what?

The conflation of sustainability and diversity initiatives may demonstrate how anti-ESG sentiment is, in part about keeping existing power structures intact. In contrast, Nikayla Jefferson captures the spirit of an intersectional approach to climate justice well: “Racial justice, economic justice, immigration justice — it’s all climate justice. This isn’t just the white climate kids’ movement anymore — this is an intersectional movement for justice.”

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