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Channeling Chico Escuela, the ESG Culture Wars been berry, berry good to me! I mean, without them I wouldn’t have had the opportunity to write such entertaining (at least to me) pieces taking down former Vice President Mike PenceFlorida Governor Ron DeSantisRep. Jim Jordan (R-OH), the Texas Section 809 Boycott Provision, the Texas Senate fossil hearings, initiatives by the American Legislative Exchange Council (ALEC) and the State Financial Officers Foundation (SFOF), and the new ant-ESG/anti-woke asset manager Strive Asset Management. My most recent contribution to the political theater that will and must play out over the next few years is “Indiana House Bill 1008: Here’s How To Lose $6.7 Billion In Pension Investments In 10 Years.” What fun I’ve had! This kind of stupid crazy is easy to spoof and deconstruct.

Politics is just a theater, partisan politicians and hyper partisanship concept theme with comedy and tragedy masks on the american flag (Photo: Getty Images)

 

Along with the these thespian thrills, I’ve also written some serious and substantive pieces such as “Turning Down the Heat in the ESG Debate: Separating Material Risk Disclosures from Salient Political Issues” and “Rescuing ESG from the Culture Wars,” both with my Republican buddy Dan Crowley. I’ve done the same looking at the specific issue of climate change, a topic at the heart of the ESG Culture Wars, in “Looking At Climate Change Through The Eyes Of ExxonMobil” and “A Conversation with Greg Goff About The Energy Transition And ESG.” Exciting and motivating as the ESG Culture Wars are to some folks, in the end the underlying substantive issues need to be addressed. And they must be addressed in a bipartisan way. Which, by definition, leaves out the audience-drawing theatrics in much of what is going on today. A more pragmatic and constructive conversation, to be sure, but a more challenging one by definition. And less entertaining because no drama 💃🏾!

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Robert G. Eccles

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Robert G. Eccles of Saïd Business School, University of Oxford is the author of a number of books on integrated reporting, sustainability and the role of business in society. His focus is on sustainability from both a company and investor perspective. Professor Eccles is also involved in a variety of initiatives to embed environmental, social, and governance (ESG) issues in real world decision making. One of these is the Sustainability Accounting Standards Board (SASB), of which he was the founding chairman. In 2018, Professor Eccles was selected by Barron’s as one of the top 20 influencers on ESG investing.

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