Considering environmental, social and governance factors in investment decisions is “nothing more than looking clear eyed at risk and opportunities,” Minnesota attorney general Keith Ellison told the House Financial Services Committee.
The Democratic attorney general and former six-term congressman testified Wednesday, alongside several ESG critics, during the first of several hearings that Chairman Patrick McHenry (R-N.C) has scheduled for the committee’s “ESG month.”
Republicans honed in on the proxy process at the hearing. Shareholder activists’ focus on advancing ESG issues takes investor focus away from financial metrics and makes it less appealing for private companies to consider going public, they ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.