Hertz Scraps ‘ESG,’ Shifts to ‘Corporate Social Responsibility’

Hertz Global Holdings shifted how it discusses its environmental, social, and governance efforts in its annual report to shareholders.

The car rental giant used the acronym “ESG” nine times in its annual report last year, but has zero references to the term in this year’s filing released Tuesday. Hertz replaced the acronym with “corporate and social responsibility.” The company didn’t immediately respond to a request for comment.

Hertz isn’t the first business to distance itself from the acronym in recent weeks: Hilton similarly ditched the term “ESG” in its annual report to investors earlier in February. The trend comes ...