WITH REPUBLICANS NOW IN control of the House, many within their ranks have vowed to use their power to take on ESG (environmental, social and governance) investing, seeing it as a form of activist-driven “woke capitalism” that has no place in an analysis of a company’s valuation or in making investment decisions.
However, ESG is far from “woke.” In fact, ESG is best seen as a natural outgrowth of conservatism that has been rejected