And Now, The ESG Backlash

In a post on D&O Diary, Kevin LaCroix says the ESG backlash is coming and may already be here. "As detailed in two recent memos from the Morgan Lewis law firm (here and here), as many as 17 states have now adopted 'anti-ESG' state legislation that would limit the ability of state governments, including public retirement plans, to do business with entities 'boycotting' industries based on ESG criteria or considering ESG factors in their investment processes," LaCroix notes.