Virginia Gov. Glen Youngkin (R)—who worked for most of his career in financial services (private equity), where he eventually became co-CEO of the Carlyle Group— signaled last week that he, like many of his Republican colleagues, has some concerns about ESG:
“Virginia Governor Glenn Youngkin, who ran one of the nation’s biggest investment firms before he took office, said ESG investing is under fire because it has morphed from a philosophy for picking stocks into a weapon for penalizing companies that don’t make the cut.
“‘Is having world-class transparency and governance a good thing? Yes, it’s a really good thing,’ Youngkin, a Republican and the former co-head of Carlyle Group Inc., said during a Bloomberg News editorial board meeting on Monday. But the definition of what’s good for the environment, social goals and governance isn’t one-size-fits all, he added.
