House committee issues more subpoenas related to ESG practices (2023)
| Environmental, social, and corporate governance |
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The House Judiciary Committee issued more subpoenas last week in its ongoing investigation into whether some finance companies may have violated antitrust laws through their ESG investing practices:
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House Judiciary Chairman Jim Jordan has subpoenaed BlackRock Inc. and State Street Corp. for documents related to the committee’s inquiry into whether their efforts to combat climate change violate US antitrust law, according to a person familiar with the matter. … The documents are due to the committee by Jan. 12, according to the subpoenas. Subpoenas for Glass Lewis and Institutional Shareholder Services Inc. are being finalized soon, the person familiar said. … Jordan, an Ohio Republican, on Monday subpoenaed Vanguard Group Inc. and Arjuna Capital as part of the environmental, social and governance investing, or ESG, investigation, a followup to requests for cooperation in July and August.[1] |
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According to The Washington Examiner, the subpoenas include requests for information from the heads of BlackRock and State Street specifically:
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The House Judiciary Committee has subpoenaed the heads of BlackRock and State Street for a trove of documents and communications related to ESG initiatives. The subpoenas, reviewed by the Washington Examiner, were filed on Friday. They request information from BlackRock CEO Larry Fink and State Street CEO Yie-Hsin Hung about environmental, social, and governance investment decisions, which are collectively known as ESG.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
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