ESG 'backlash' emerges as fresh challenge for investors

In an indication that ESG is now a mainstream consideration, investors are increasingly concerned about a backlash against climate action and diversity. As growing populism fuels a reaction to what some see as unnecessarily "woke" shifts in society, some investors fear the movement could threaten the progress already made on issues of diversity, climate action and alternative energy. Australian investing institutions have a broadly progressive attitude to ESG issues, but they  a…