Did you know that number of times Ceo's mention diversity and sustainability in earnings calls has dropped by 39% in the last 5 months? Why this sudden change when it seemed like every finance exec was in love with ESG at the beginning of the year? Well, there are two main causes: first, even though 70% s of CEOs actually think ESG programs make their companies more profitable, many investors have been pushing companies to focus on increasing profits rather than supporting social causes; secondly, in the last 6 months, certain conservative groups have boycotted or fought against companies that vocally support diversity causes such as LGBT rights. To avoid backlash, businesses are toning down their public declarations about sustainability and diversity in regard to LGBT issues while continuing to do their ESG programs in the background. Do you think companies should support social causes like LGBT rights?
