The Political Battle Over ESG and 'Woke Capitalism'

During a House Oversight Committee hearing, Rep. Jamie Raskin defended ESG investing and criticized GOP attacks on "woke" ideology, arguing that it should guide companies in their business decisions. State and national Republicans have gone on the attack over ESG, arguing that asset managers shouldn't be considering anything other than financial returns when they make investment decisions. Raskin argued that the opposite of a woke investing strategy is a negligent and inattentive investment strategy.