Execs aren't convinced ESG investments deliver profits. The skepticism might undercut sustainability budgets.

Dec 9 2022 by Business Insider

 
Some executives are motivated by how spending on environmental, social, and governance efforts can boost their reputations.

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More than 90% of executives said ESG spending delivered returns within a few years in a new survey. But companies remain more motivated by how ESG can improve their reputations than their profits. The skepticism and possible recession could undercut ESG spending in 2023.

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