House Lawmakers Spar Over ESG Impact on Housing, Insurance

House lawmakers locked horns over how ESG mandates impact housing and insurance costs for consumers in a Friday hearing—the latest skirmish in the Republican-dubbed “ESG month.”

House Financial Services Committee Republicans said the prioritization of environmental requirements and social goals increases the cost and limits the availability of insurance and housing. Committee Democrats said ESG is not the problem, and that consumers actually will face more costs if extreme weather and other climate change risks are ignored.

The hearing, held by the Housing and Insurance subcommittee, was the fourth in a series of meetings this week focusing on environmental, social ...