Most Voters Unfamiliar with ESG Scores, Oppose Their Use
A new poll reveals that while ESG scores—a system used by banks and investors to judge companies based on environmental, social, and governance factors—are gaining popularity, most voters in key battleground US states are completely in the dark about them.
The survey by Rasmussen Reports and the Heartland Institute found that only 31% of likely voters in Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin are familiar with ESG scores. A whopping 56% have never heard of them.
Those who do know about ESG scores are largely against using them to evaluate individuals and businesses. A strong majority, 63%, support a law to stop banks and insurance companies from using non-financial ESG factors when making decisions about loans and other services. This includes 44% who strongly support such a law.
“It warms my heart that most Americans who are aware of ESG scores oppose their implementation in the United States,” said Chris Talgo, research fellow with The Heartland Institute. “The use of biased, non-financial ESG scores is a fundamental threat to all Americans who value liberty and the notion of equal opportunity and equal treatment for all – regardless of their political affiliations, religious views, and opinions.”
Adding to the concerns, the European Union's new Corporate Sustainability and Due Diligence Directive (CSDDD) could force many American companies to follow stricter European rules or face hefty fines. Despite this, 48% of battleground state voters oppose the EU's overreach into American business.
The poll also shows strong support for protecting American companies from the EU's supply chain law and preventing large corporations from discriminating based on political or religious beliefs.
While Democrats are more likely to support the EU's actions, Republicans and independents overwhelmingly oppose it. Interestingly, both Republicans and Democrats who know about ESG scores are against using them in financial decisions.
The survey also found that most Americans want more domestic oil and gas production, despite concerns about climate change.
Survey details and a full breakdown of demographics are available to the public.
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Source: Rasmussen Reports
