Seventeen Democratic financial officers (16 state officers, plus New York City Comptroller Brad Lander) sent a letter to 18 of the largest asset management firms on Aug. 15. The officials asked the firms to confirm their commitment to considering climate and other ESG factors in their long-term return models.
The Democratic officials said their letter was a response to an anti-ESG letter, sent July 29, from Republican state financial officers (in conjunction with the State Financial Officers Foundation). The Democrats’ message said they “offer a fundamentally different vision of fiduciary responsibility than the one advanced in the July 2025 letter to you from signatories of the State Financial Officers Foundation (SFOF).”
Click here for more on the July letter from Republican financial officers.
Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To learn more about arguments for, against, and about ESG, click here. For more information on reform proposals related to ESG policy, click here.