As private equity firms continue to prioritize ESG measures and aim to limit emissions, the anti-ESG discussion has become even more complex.
Josh Lichtenstein, partner and head of the firm’s ERISA and fiduciary benefits practice, told Business Insider that, “the biggest challenges are directly coming from the different states."
"If you want to be able to manage money in red states and blue states and across the whole universe of institutional investors, then it can be pretty challenging to figure out how you thread the needle in describing what you are actually doing, what you've undertaken, and what you're willing to do for any particular investor — in a way that avoids any contradictions," Josh said.
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