An increasing backlash against ESG investing in the United States is driving a divide between the country's business schools and their European counterparts. Professor Mette Morsing, Director of the Oxford Smith School, told the FT that many institutions still teach "outdated economic models and management frameworks that do not align with today’s sustainability challenges."

A new study, developed through pro-bono partnerships with 48 leading law firms around the world, provides the most detailed view yet of how key economic rules are aligning – or not – to climate goals.