ESG Top of Mind as New State Attorneys General Flex Powers (1)

New state attorneys general have quickly found themselves in the ESG wars, with many officials deploying their broad investigative and enforcement powers just weeks on the job.

New Republican attorneys general in Iowa, Arkansas and several other states already are challenging environmental, social and governance investing with a lawsuit against the Labor Department and a letter that assailed proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co., among other actions. On the Democratic side, Arizona’s new attorney general, Kris Mayes said Monday her state would exit ESG investigations into big banks and other financial firms that her ...