Find the new article by Jérôme CABY, Professor at Sorbonne Business School.
European business and financial life is punctuated on an almost daily basis by the need to adopt more ambitious and respectful behaviors and objectives in social or environmental matters, and in particular in terms of the transition to a low-carbon economy.
In the financial field, this movement is frequently found under the banner of Socially Responsible Investment (SRI) and environmental, social and governance criteria (ESG), which have gone from being marginal to becoming a major phenomenon in the contemporary financial industry.
In 2020, for example, the Global Sustainable Investment Alliance (GSIA) estimated that amounts falling into this rather broadly defined category represented US$35,300 billion and 35.6% of assets under management.
In recent times, the United States has overtaken Europe as the leading region for SRI. However, in reaction to this new international situation, a recent and essentially American movement has arisen to oppose this development considered detrimental to investors' interests.