Factbox: Industry targets of U.S. Republicans' anti-ESG efforts

In all 39 bills targeting aspects of ESG were filed as of the end of 2022, of which 9 had been passed, 14 were proposed, and 16 were dead, according to law firm Morgan Lewis.ASSET MANAGERS53 of the largest U.S. fund firms in March that their participation in industry-wide groups like the Net Zero Asset Managers initiative could be "inconsistent with your clients' financial interests" such as investors who do not share ESG goals.

In addition, legislation pending in states, including Texas and Florida, aims to limit the consideration of ESG factors by pension funds, which could cut off fund firms from public contracts.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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 »