Republican attacks on ESG aren’t stopping companies in red states from going green – Gist It

Republican attacks on ESG aren’t stopping companies in red states from going green

Companies in Republican-controlled states continue adopting ESG initiatives to combat climate change, despite political backlash.

The big picture: Nucor Corporation, a steel company based in South Carolina, is transitioning toward producing low-carbon steel to meet growing consumer demand for greener products.
* The company plans to reduce its carbon footprint by 80% by 2030 and aims for net-zero emissions.

Growing trend: More industrial companies are working to protect their operations and profits from the effects of climate change, even as conservative politicians criticize ESG.
* Companies such as Argos USA have adopted strong ESG practices without regard to politics.

What’s next: Despite political resistance, many companies believe sustainability is here to stay and are driven by consumer demands for environmentally friendly products.
* The success of these initiatives depends on customers’ willingness to pay premiums for greener products.

View original article on NPR

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June 27, 2023

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