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Institutional investors are increasingly wary of the ESG promises being leveled by firms, with 86% of US investors saying they think companies “overstate or exaggerate” their ESG progress.

Another 72% of investors internationally say they don’t believe companies will achieve their stated ESG commitments, according to new research from Edelman. A whopping 94% of US investors say they expect companies to establish and communicate a net zero climate plan, but 92% also expressed concern that companies aren’t effectively executing on those promises.

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