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House GOP working group issues ESG agenda (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The Republican ESG House Working Group issued a memo on June 23 detailing its agenda for the 118th Congress (2023-24), which focuses on increasing oversight of proxy voting and large asset management firms:
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House Republicans identified eight key areas of environmental, social and governance (ESG) policies it will focus on for the rest of the 118th Congress. The priorities range from reforming the shareholder-voting process and increasing oversight of large asset managers, to more closely supervising the Securities and Exchange Commission as it develops climate-change disclosure rules. The report, the first from a group of House lawmakers that make up the ESG Working Group, lays out ways President Joe Biden’s administration has used ESG in his tenure and how it will focus its efforts for the next year and a half. The report identifies nearly a dozen ways to revamp the proxy-voting process, including shareholder-proposal submission and resubmission, and holding proxy-advisory firms accountable. The memo also identifies ESG ratings agencies that the group says have had an outsize influence on investors. The group is led by Rep. Bill Huizenga (R-Mich.) and eight other House Republican lawmakers. It was established by House Financial Services Committee Chair Patrick McHenry (R-N.C.) in February.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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