Investors pessimistic about ESG next year

ESG is being tested like never before. 
Paul Clements-Hunt, who coined the ESG acronym in 2004 with a team of United Nations employees, said the goal was always to help investors avoid losses and find ways to profit by drawing their attention to the evolving group of risks linked to the environment, society and corporate governance issues. | Photo: Kerry Constabile/AP/Ritzau Scanpix/AP
Paul Clements-Hunt, who coined the ESG acronym in 2004 with a team of United Nations employees, said the goal was always to help investors avoid losses and find ways to profit by drawing their attention to the evolving group of risks linked to the environment, society and corporate governance issues. | Photo: Kerry Constabile/AP/Ritzau Scanpix/AP
By Saijel Kishan and Natasha White / Bloomberg

Republicans are pressing to get rid of it, regulators are cracking down on the misselling of ESG-labeled funds and bonds, and sustainable investing purists want to eliminate the acronym altogether. 

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