Dow gets ESG boost from adding Amazon

Green factor: The New York Stock Exchange in Manhattan. It remains an open question whether a higher ESG score translates into better market performance for a company. — Bloomberg

NEW YORK: Almost anyone who closely tracks US financial markets these days is aware that environmental, social and governance (ESG) is under withering fire from the right.

Republican politicians in red states like Florida and Texas have taken aggressive steps to punish companies that say they adhere to investing strategies related to ESG factors.