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Clifford Chance

Clifford Chance
Briefings

Briefings

What the new Trump administration could mean for ESG

9 December 2024

While the debate over ESG has been bubbling in the United States for some time, the reelection of former president Donald Trump and the Republican sweep of Congress have given deregulatory forces control over the US federal legislative and administrative levers of power. This impending change – and the influence of prominent anti-ESG figures in the new administration – have led to forecasts of a broad rollback of federal ESG-related regulation in the coming year.

This briefing provides a high-level survey of potential areas for change, in environmental and climate regulation, the energy transition, antitrust, the workplace, and in the regulation of investors and asset managers. The field is complex and the direction of travel is unpredictable; this survey provides a snapshot of areas that likely will receive focus early in the new administration.

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