After a long run of seeming ascendance of environmental, social, and corporate governance (ESG) awareness among companies, investors, and government entities, there has recently been noticeable backsliding in the name of shareholder primacy and political divisions.

A new survey released by HSBC found that rising anti-ESG sentiment is starting to affect how fund managers think about integrating such considerations into their funds. Forty-four percent of North American respondents said their reasons for having an ESG strategy have become weaker over the past 12 months.

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