The embattled environmental, social, and governance (ESG) movement has another new foe: Inspire Investing, a Christian financial firm that renounced the term in an Aug. 18 blog post from CEO Robert Netzly.
“The hard left wants to say that ESG can only mean their view, in typical cultural Marxist fashion,” Netzly told The Epoch Times in an Aug. 26 interview.
“We just don’t want to be associated with that anymore.”
Inspire, which manages over $2 billion in assets, previously identified some of its funds as “faith-based ESG,” grounded in Biblical values. Unlike many other ESG-focused firms and funds, Inspire has invested in firearms companies—specifically, Sturm Ruger & Company and Vista Outdoor….