House Judiciary Committee report alleges organizations colluded to force ESG policies

The House Judiciary Committee released an interim report on June 11 alleging that several organizations, investors, and asset managers colluded to force American corporations to adopt ESG policies. The report specifically referred to Ceres, Climate Action 100+, the Net Zero Asset Managers Initiative, the California Public Employees’ Retirement System (CalPERS), and the Big Three asset managers (BlackRock, State Street, and Vanguard), among others in its allegations.

The Judiciary Committee followed up its report with a hearing on ESG and related matters the following day.

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