Companies are becoming increasingly wary of the term ESG—used by businesses to highlight their social and environmental mission—even if they continue to support the principles behind the acronym that is under attack by conservatives as “woke capitalism.”
“The trouble with the term is it's become a boogeyman,” Kathleen McLaughlin, Walmart’s chief sustainability officer and president of the Walmart foundation, said on stage at Fortune’s Impact Initiative conference in Atlanta this week. “It means a lot of different things to different people.”
