With the Trump Presidency in full swing and his administration having made clear its anti-environmental, social and governance (ESG) agenda, does the change complicate growing ESG alignment inside emerging markets? Will it hurt our ongoing adoption of the IFRS Sustainability Disclosure Standards (S1 & S2)? Will the move undermine our envisioned ESG outcomes? Many questions abound.
Yes, the move was expected - Trump had pulled out of the Paris Climate Agreement in 2017 and telegraphed to the world, he’ll do it again. However, the reaction was not quite anticipated.
