SVB Failure Becomes Fodder for Anti-ESG Crowd in US Culture Wars (2)

The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.

The acronym refers to a form of investing that considers environmental, social and governance risk factors. But in the US, many Republicans have also adopted “ESG” as shorthand for a left-leaning agenda that’s un-American.

The New York Post, a city tabloid owned by Rupert Murdoch’s News Corp., published a story on Saturday with the headline, “While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs,” which by its definition included an affinity group for LGBTQ employees and a Pride ...