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ESG During Electoral Campaigns

This week I want to talk about what we should expect to see on the ESG front during the upcoming electoral campaigns. 2024 is a big election year since elections are taking place in so many countries globally. As candidates vie for votes and strive to address the concerns of their constituents, they often emphasize their positions on critical ESG topics. Whether in Mexico or in the US, here are some things you could see:

Policy and Legislation

  • Candidates may propose new policies or changes to existing legislation related to environmental protection or social justice, which are highly politized topics.
  • Policies may focus on emissions reduction targets, clean energy initiatives, labor rights, or maybe even diversity and inclusion in corporate boards.
  • The election cycle can lead to debates and discussions on the economic and regulatory implications of these policies.
  • Depending on the election outcome, businesses may need to adapt quickly to changing regulations and align their operations with new standards.


Public Scrutiny and Corporate Accountability

  • Companies may face increased scrutiny from the public over their ESG practices during an election year as these topics come to their attention more frequently.
  • Voters and consumers may demand greater transparency and accountability from corporations, particularly in industries such as energy, finance, and technology.
  • Companies may more proactively disclose ESG performance metrics to demonstrate their commitment to sustainable practices.


Investor Focus on ESG

  • Institutional and retail investors may place a greater emphasis on ESG factors when making investment decisions as the topics get hot.
  • Companies with strong ESG practices may attract more investment interest and see their stock prices impacted.


Stakeholder Engagement and Advocacy

  • Election years can provide an opportunity for stakeholders such as employees, customers, and local communities to voice their ESG concerns to policymakers and corporations.
  • Advocacy groups may gain prominence in shaping public opinion and influencing policy decisions related to ESG.
  • Companies may engage with these groups to align their operations with stakeholder interests and build goodwill.


International Relations

  • Election results can affect international relations, potentially impacting global ESG trends.
  • Trade policies, climate agreements, and international partnerships may shift depending on the election outcome.
  • Companies with global operations may need to stay vigilant and adjust their strategies according to changes in international relations.


In summary, an election year is a critical time for ESG issues as they take center stage in public discourse and policy debates. Everyone should stay informed and adapt to the changing landscape to navigate the evolving ESG environment successfully.

I hope you found this interesting. As usual, if there is anything we can help you with, or if there is an ESG topic you would like to know more about, please let us know.



CEO, Miranda ESG

Contacts at Miranda Partners

Damian Fraser
Miranda Partners

Marimar Torreblanca