Behind the Money

How Republicans weaponised climate investing

US Republicans are picking a fight with some major financial institutions over ESG, or environmental, social and governance investing. That means considering things such as climate risks, labour issues and board diversity when choosing investment funds. The FT’s corporate governance reporter Patrick Temple-West explains why Republicans are upset and what this backlash might mean for the future of ESG. Clips from Fox News, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading:<a href="https://www.ft.com/content/41de28af-a487-473e-bc17-5e8cb71f4ced" rel="noopener noreferrer" target="_blank">US Republicans pull $1bn from BlackRock over ESG investing concerns</a><a href="https://www.ft.com/content/4df73458-6871-47ba-ad64-00cd7b3ed12c" rel="noopener noreferrer" target="_blank">BlackRock: ESG tightrope is hard to navigate</a><a href="https://www.ft.com/content/15008f52-0fcd-4b8e-a70e-b64316030588" rel="noopener noreferrer" target="_blank">Making funding flows fair: Must ESG be bad news for emerging markets?</a><a href="https://www.ft.com/content/92aadaaf-96f0-4945-8ed4-272cfbe68464" rel="noopener noreferrer" target="_blank">Greenwashing faces fresh curbs in UK regulator’s crackdown</a> - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Patrick Temple-West (<a href="https://twitter.com/Temple_West" rel="noopener noreferrer" target="_blank">@Temple_West</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>)  <a href="https://www.ft.com/content/780c931c-aa9f-4fb7-a229-426c14f61563" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.