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Asset managers are turning up ESG pressure—and feeling it, too

RSM US LLP – In May, Engine No. 1, a small hedge fund with $250 million of assets under management, pressured oil giant ExxonMobil to rethink its business model and embrace environmentally friendly practices. The push came in the wake of ExxonMobil’s declining profitability, but it is also a notable example of increased investor interest in more sustainable and climate-conscious corporate policies.

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