Millani’s seventh Semi-Annual ESG Sentiment Study of Canadian Institutional Investors highlights that the ESG pushback in the U.S., along with regulatory pressures, have increased the rigor of ESG integration within investment processes of many institutional investors. It is now more mainstream within their firms, rather than being a sidelined approach. Of the investors who commented on the pushback, 89% said it had no impact on their business.

Their findings were obtained from 40 interviews conducted in June 2023 with asset owners and managers across Canada totalling over CA $5.8 trillion in assets under management (AUM).