The House Oversight Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs holds a hearing on ESG Part II: The Cascading Impacts of ESG Compliance at 2:00 p.m. ET on June 6. Mandy Gunasekara, director of Center for Energy & Conservation, Independent Women’s Forum; Jason Isaac, director of Life: Powered, Texas Public Policy Foundation; Stephen […]
Similar to Target, Walmart’s environmental, social, and governance (ESG) report reveals that the company makes special provisions for LGBT groups, including specifically sourcing supplies from people professing such identities. Target has been the focus of boycott calls due to offering Pride products this year aimed at children. Target’s 2022 ESG report (pdf) shows that at […]
Investment based on environmental, social, governance, or ESG, is under fire in a legal challenge in New York City. Public workers are suing the city, alleging it is “abusing” its pension fund to pursue a political agenda, thus hurting their investment’s bottom line. The city claims it is carrying out good risk management as it […]
U.S. House Oversight Committee holds a hearing on ESG Part I: An Examination of Environmental, Social, and Governance Practices with Attorneys General at 10:00 a.m. ET on May 10. Sean Reyes, Attorney General of Utah; Steve Marshall, Attorney General of Alabama; and Michael Frerichs (Minority Witness), Illinois State Treasurer, will testify.
As corporate culture goes woke, conservative Americans have punched back. Thanks to organizations like Consumers Research, which examines the actions of corporations and alerts customers if companies go woke, consumers can support businesses that respect and share their values. For example, Bud Light has recently experienced a loss in sales due to its transgender collaboration. […]
The collapsed Silicone Valley Bank (SVB) was a leader in the global business movement to embrace environmental, social, and governance (ESG) principles in its model. The company’s website states it prioritized: diversity, equity, and inclusion measures; and sustainability. But, did its focus on these values cause SVB to lose sight of its financial health and […]
President Joe Biden has vetoed a joint resolution from the House and Senate that would have repealed his Waters of the United States (WOTUS) rule, delivering what could be a fatal blow to that specific challenge to his environmental agenda. The expected veto was issued on the afternoon of April 6. “I just vetoed a […]
Kentucky Gov. Andy Beshear, a Democrat, has signed into law a measure that requires the state’s public pension funds to make investment decisions on financial risks and returns, rather than environmental, social, and governance (ESG) factors. Beshear signed House Bill 236 into law on March 24, mandating the state’s fiduciaries to solely consider factors that […]
The House of Representatives on Thursday failed to override President Joe Biden’s first veto of his presidency, which was related to a Biden administration rule on environmental, social, and governance (ESG) investment. The House vote of 219–200 in favor of overriding Biden’s veto fell short of the two-thirds majority threshold required. All Republicans who were […]
Epoch Times business reporter Kevin Stocklin told NTD that there’s increasing evidence that environmental, social, and governance (ESG) investing hurts returns and it may not effectively tackle the goals it sets out to. He says Americans with private pension funds should look at their options, after President Joe Biden vetoed a bill earlier this week […]
