Business fights back as Republican state lawmakers push anti-ESG agenda

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. political battles over corporate sustainability are turning hotter this spring as aggressive Republican statehouse efforts face increasing pushback from businesses and pension funds looking to account for climate change and protect returns.

to ESG governance and to United Nations-backed sustainable development goals as "Satan’s plan" when speaking to a meeting of Republicans.to the global connections of top funds and characterize industry efforts like the Net Zero Asset Managers initiative as radical.

Utah Bankers Association President Howard Headlee said the new law could have unintended consequences. For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox: Industry targets of U.S. Republicans' anti-ESG effortsRepublican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance (ESG) factors in their business decision making.
Source: Reuters - 🏆 2. / 97 Read more »

Companies are laying low on ESG as backlash intensifiesPromoting environmental, social and governance policies was once an easy layup to score good press. Now, it's a way to court controversy, the ire of politicians, and attention from well-funded anti-ESG groups.
Source: axios - 🏆 302. / 63 Read more »

GOP bill takes on ESG banking rules to limit ‘woke’ investment decisionsRepublican Rep. Andy Barr is rolling out legislation that would prohibit banks from denying fair access to financial services for political purposes, Fox News Digital has learned.
Source: FoxNews - 🏆 9. / 87 Read more »