Todd Cort, a professor with the Yale College of Administration who specialises in sustainable investing, stated that although the ESG label might increasingly fall out of use, fundamental social and environmental challenges would continue being.

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“US ESG flows are damaging, and it might be a testimony to what is going on while in the context of your US with a really polarised and politicised debate about it which has frozen the behaviour on that front,” reported Elodie Laugel, chief responsible financial investment officer at Amundi, that is the next-major sustainable fund manager globally immediately after BlackRock.

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