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Moral Money is the FT’s trusted destination for news and analysis about the fast-expanding world of socially responsible business, sustainable finance, impact investing, environmental, social and governance (ESG) trends, and the UN’s Sustainable Development Goals.
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The ESG investment backlash is beginning to have an impact
An ESG backlash from the American right is gathering steam. But others are also criticising the ESG agenda and these complaints are having an impact.

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Is stakeholder capitalism building a better world, or just empowering the rich?
Each year, some of the world’s most powerful people gather at Davos. Many preach a philosophy known as stakeholder capitalism. But is it a good thing?
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