When companies wade into ESG waters, they’re soon drowning in displeasure from critics. They’re accused of politicizing business and investment decisions, or of only paying lip service to the idea. Still, executives are staying the course. An overwhelming majority of CEOs—92%—say they plan to continue their ESG (environmental, social, and governance) initiatives despite the public backlash, according to a survey of 260 CEOs and investors conducted by CEO consulting firm Teneo.
“Companies must be prepared for multiple risks, including stakeholders who think they are going too far on ESG and, conversely, those who think they are not doing enough,” says Teneo vice chair and head of governance and sustainability Martha Carter.
