Or are they? Are they, maybe, simply moving to disguise their ESG claptrap in other ways or only altering their rhetoric without materially altering their censorious behavior?
States have responded [to the explosion of ESG irrelevances] with a barrage of legislation that restricts the use of ESG factors or targets entities that boycott certain industries.
Financial institutions are reacting to these state-level actions with what appears to be a retreat from their commitment to ESG, but there are questions if they are changing or just regrouping the efforts under new names.