The Globe and Mail reports in its Thursday edition that Canadian investors and corporations are sticking with the principles of environmental, social and governance investing in the face of a backlash in the United States. The Globe's Jeffrey Jones writes that a survey of ESG sentiment released Wednesday shows major investors remain committed to targets for reducing carbon emissions, diversity in the workplace and other sustainability-related measures as parts of their risk-management programs. ESG as a marketing strategy is falling by the wayside, however. In its survey of 27 Canadian institutional investors representing $4.3-trillion in assets under management, Montreal consultancy Millani found 93 per cent integrate ESG into their investment decisions, even after U.S. President Donald Trump returned to the White House promising to eradicate diversity, equity and inclusion programs and many emission disclosure regulations. A lingering question among Canadian investors is whether Mr. Trump's agenda will spill over the border. Milla Craig, Millani's president, said investors see anti-ESG and anti-DEI metrics as critical to risk-adjusted returns. Costco is among those resisting pressure to drop its DEI policies.
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