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[[Conservatives]], including entire red states such as [[Florida]], reject ESG investing. One commentator writes: "It has long been contended that environmental, social, and corporate governance scores (ESG) are the Left’s attempt to weaponize every non-leftist’s money against his personal beliefs and economic interests. This is patently true . . . to an extent."<ref>https://amgreatness.com/2022/12/24/esg-destroying-or-disguising-the-profit-motive/</ref>
[[Conservatives]], including entire red states such as [[Florida]], reject ESG investing. One commentator writes: "It has long been contended that environmental, social, and corporate governance scores (ESG) are the Left’s attempt to weaponize every non-leftist’s money against his personal beliefs and economic interests. This is patently true . . . to an extent."<ref>https://amgreatness.com/2022/12/24/esg-destroying-or-disguising-the-profit-motive/</ref>
In 2022, the Harvard Business Review published the article ''An Inconvenient Truth About ESG Investing'' which indicated:
In 2022, the ''Harvard Business Review'' published the article ''An Inconvenient Truth About ESG Investing'' which indicated:
{{Cquote|To begin with, ESG funds certainly perform poorly in financial terms. In a recent Journal of Finance paper, University of Chicago researchers analyzed the Morningstar sustainability ratings of more than 20,000 mutual funds representing over $8 trillion of investor savings. Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds.
{{Cquote|To begin with, ESG funds certainly perform poorly in financial terms. In a recent Journal of Finance paper, University of Chicago researchers analyzed the Morningstar sustainability ratings of more than 20,000 mutual funds representing over $8 trillion of investor savings. Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds.