ESG

Greenwashing, geopolitics and the US election: The biggest risks for ESG in 2024

The anti-ESG backlash will start to subside, but higher rates and key elections will keep investors on their toes

An uncertain geopolitical environment, elections in the UK and US and higher interest rates are among the biggest headwinds for the sector
An uncertain geopolitical environment, elections in the UK and US and higher interest rates are among the biggest headwinds for the sector Photo: Getty Images

The anti-ESG backlash will pose less of a threat to sustainable finance in 2024, City experts say, but the asset class is in for another bumpy ride.

Greenwashing, geopolitics and the US election are the biggest hurdles to climb after climate and socially-conscious funds endured another gruelling year in 2023.

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KPMG Ignored Flaws at Regional Banks Before 2023 Crisis, Senate Report FindsExternal link

KPMG Ignored Flaws at Regional Banks Before 2023 Crisis, Senate Report Finds