Understanding the Role ESG Initiatives Play and their Impact at the Federal & State Level

Daniel Garrett, Wharton Assistant Professor of Finance, talks to Dan Loney about state laws preventing municipalities from working with banks that have certain ESG policies in place, and how this will impact industries like guns, gas, and oil. He discusses his new paper that looked at these developments, titled Gas, Guns & Government: Financial Costs of Anti-ESG Policies.”