The survey was conducted between July 12 and August 24.
Asset managers are currently seeing resistance from lawmakers in U.S. Republican states, which is contributing to the growing skepticism regarding ESG initiatives.
Recently, legislators in Florida, West Virginia, Utah, Minnesota, Louisiana, and Arizona proposed anti-ESG legislation that may bar state institutions from cooperating with managers who take ESG considerations into account when making investment decisions.
ESG managers are also feeling more scrutiny from the U.S. Securities and Exchange Commission now.
According to a new proposal advanced by the regulator, investors would be required to disclose the ESG factors used for each ESG-labeled investment strategy, as well as the use of third-party ratings, to prevent misleading or deceptive ESG fund names, such as “ESG-focused funds,” “integration funds,” and “impact funds.”
