ESG backlash not deterring buyers
- Media Manager
- May 2, 2023
- 1 min read
The Bond Buyer
Written By: Scott Sowers
Published: May 03, 2023, 3:10 p.m.
As politicians and legislators attempt to reign in the appeal of municipal bonds that fund ESG-friendly endeavors, the market is mostly ignoring them.
Data from academia, rating agencies, consultants, and buyers indicates that appearing to do good still has an upside despite an apparently increasing backlash against ESG labeling in states such as Florida.
"While the combination of market and political volatility has caused some distractions, we have not seen indications of backing off and reversing their path toward ESG integration or impact investing," said Kestrel CEO and founder Monica Reid.
