Republicans war on ‘woke’ capitalism, ESG isn’t winning over investors

Republicans say the political left is pushing a “woke” ideological agenda on corporations. Conservative groups filed 43 shareholder proposals this year, targeting companies such as Bank of America. The proposals received 7% support from shareholders on average, according to Morningstar’s proxy database.

The political right’s war on “woke capitalism” isn’t winning over shareholders of the nation’s largest companies.

Conservative groups such as the National Legal and Policy Center and the National Center for Public Policy Research filed 43 shareholder proposals this year, targeting companies such as Bank of America, Johnson & Johnson and Walt Disney.