Opposition to DEI and ESG Principles in Investments
Fox News Digital interviews Utah State Treasurer Marlo Oaks at a conference about the importance of bringing meritocracy and fiduciary responsibility back to markets and investments by opposing diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) principles.
Key Points
- Focusing on financial outcomes for beneficiaries
- Criticism of introducing ESG and DEI at the expense of shareholder value
- Warning about potential financial risks of prioritizing political agendas in investments
Pros
- Emphasizing fiduciary responsibility in investments
- Protecting the financial interests of state beneficiaries
- Highlighting potential harm of DEI and ESG principles on shareholder value
Cons
- Opposition to diversity, equity, and inclusion measures
- Criticism of companies implementing 'woke' agendas
- Concerns about financial harm from prioritizing political agendas over returns