'Anti-ESG' Sentiment on the Rise in the U.S.

HSBC research found a decline in fund managers citing sustainability as an investment objective: "In our view, this falls along mostly political lines and is isolated to the U.S."

By Caleb Mutua | July 11, 2023 at 04:54 PM

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)

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.

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