ESG Trends In The U.S.: Navigating Fragmentation, Backlash, And Energy Security

2025 has been defined by pronounced legal fragmentation and an intensifying backlash against ESG, reshaping the terrain for businesses, investors and policymakers. Federal retrenchment on climate and sustainability measures has collided with assertive state-level initiatives—both pro- and anti-ESG—producing a patchwork of conflicting mandates, enforcement postures, and political scrutiny.... By: A&O Shearman