ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. It stands for environmental, social and governance, and it's at the center of a heated debate over whether socially-conscious goals should factor into business and investing decisions.
There has been little regulation of ESG so far, but things are changing. Rules are coming both in the US and abroad. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation - and litigation - we can expect in the near future.