Republican-led FSC proposes ESG crackdown legislation
1st August, 2023
The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
The committee, chaired by Republican Patrick …
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July 18, 2023
The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.…
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North Carolina anti-ESG bill becomes law
July 6, 2023
A North Carolina anti-ESG bill has become law after a Democratic veto was overturned.
The new law prohibits state agencies and state pension plan fiduciaries from considering ESG measures when …
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April 13, 2023
A coalition of more than 300 investors and companies has urged US policymakers to protect their freedom to invest responsibly.
The ‘Freedom to Invest’ coalition produced a statement arguing …
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Texas has moved to ban state entities from doing business with HSBC after the financial services giant introduced a new policy to transition away from financing fossil fuels.
The US state has added HSBC to a list of banned companies …
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March 23, 2023
US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
On March 20, Biden …
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March 15, 2023
Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade.
The Protection of Pensions and Businesses …
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March 2, 2023
House lawmakers have approved a resolution to overturn the Department of Labor’s (DOL’s) new ESG rule for retirement plans, after 25 Republican states filed a suit to invalidate the …
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February 8, 2023
In the latest anti-ESG action taken in the US, Republicans in the Senate and House have filed joint bills to nullify the Department of Labor’s (DOL’s) new ESG rule for retirement plans. …
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