Former President Trump joins opposition to ESG (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • Economy and Society: Ballotpedia's weekly ESG newsletter |
Former President Donald Trump (R) released a video on February 24 confirming his opposition to ESG. In the video, Trump said he wanted to see what he views as political considerations kept away from Americans’ retirement investments:
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Donald Trump is seizing on growing objections among Republicans to investments based on environmental, social and governance principles, with a campaign video posted Friday opposing so-called ESG strategies. The former president, who’s making his third White House run, complained in the video about Wall Street and employers using “radical-left garbage” when investing retirement accounts. He vowed to sign an executive order, if he returns to office, “to support a law to keep politics away from Americans’ retirement accounts forever.” During the final months of his presidency, Trump pushed to ban private-sector workplace retirement plans from considering ESG principles when selecting or monitoring investments. Trump’s expected top rival for the nomination, Florida Governor Ron DeSantis, has also carved out a lane for himself with outspoken opposition to ESG, and other potential candidates including former Vice President Mike Pence have also opposed it.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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