Several US states divest approximately $11.7 billion from BlackRock due to concerns about the company's commitment to ESG principles, which may present obstacles to state pension funds and expose investors to risks.
Republican lawmakers introduced legislation Thursday to nullify the DOL's decision to allow ESG factors as an investment consideration, citing discrimination against the American energy sector.
Over the past few years, environmental, social, and governance (ESG) metrics have become ubiquitous among the biggest Wall Street investment firms and Fortune 500 companies.
Six GOP House members on Tuesday sent a letter to 'Climate Action 100+' in first efforts to investigate whether Environmental, Social, and Corporate Governance violates antitrust laws.
