ESG Scores and the Investment Industry: Why Should the Ensuring Sound Guidance Act Leave Room for Future Environmental, Social, and Governance Considerations?

On April 1, 2023, a transgender influencer named Dylan Mulvaney uploaded a short video to her Instagram page for a Bud Light giveaway promotion.[1] Mulvaney briefly showed a photo during the video  depicting a special edition Bud Light can with her face on it, provided by Bud Light to celebrate her transition to womanhood.[2] Mulvaney’s short clip sparked a movement to boycott the American lager, which resulted in about $395 million in lost revenue in North America[3] and over $27 billion in market devaluation for Bud Light’s parent company, Anheuser-Busch Companies, Inc. [4]     

Read more