ESG

GM is slated to take up the issue at its annual shareholder meeting.

So-called activist investors in recent years have been pushing for social and environmental goals through shareholder resolutions. As Kimberly Adams reports, even though there's a growing political backlash, these resolutions can change corporate policies.

Morningstar found that 2023 was the first year investors pulled more money out of ESG and sustainability funds than they put into them.

Environmental, social and governance funds, once a bright light in investing, are confronting potential regulation and political heat.

Rich Nuzum of Mercer says ESG funds reflect concern for the planet, but this year they’ve underperformed the overall stock market.

Critics say ESG investments allocate money based on political agendas rather than on earning the best returns for savers.