KPMG Study Reveals Surprising Plan for ESG Spending by Companies

Despite the recent anti-ESG pushback in the US, many companies — roughly 90% in a survey by KPMG — plan to dedicate more financial resources to ESG over the next three years.

About 43% of those surveyed by KPMG are looking to add employees dedicated to environmental, social and governance factors, while roughly 40% plan to invest in ESG-specific software and 38% are looking to train or educate employees, according to the survey.

Most large companies are pressing ahead with plans to improve their ESG capabilities, even as almost two dozen Republican-led US states push through anti-ESG legislation. In Texas ...