Photo: A turbine from the Roth Rock wind farm spins on the spine of Backbone Mountain behind the Mettiki Coal processing plant on August 23, 2022 in Oakland, Maryland. (Photo by Chip Somodevilla/Getty Images) A turbine from the Roth Rock wind farm spins on the spine of Backbone Mountain behind the Mettiki Coal processing plant on August 23, 2022 in Oakland, Maryland. (Photo by Chip Somodevilla/Getty Images)

The backlash against investing strategies that factor in environmental, social, and corporate governance (ESG) issues is rising in the United States and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings Plc.

The London-based lender polled 310 professionals across the globe in roles related to ESG decision-making from May 31, 2023, to June 24, 2023. These respondents represented $8.9 trillion in assets under management across 292 institutions, HSBC’s global research team led by Wai-Shin Chan and Anushua Chowdhury wrote in a note published this month.

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