ESG Goes Under Capitol Hill Microscope


On Capitol Hill, House Republicans this week held a hearing on environmental, social, and governance (ESG) investing, hearing from witnesses who argue ESG-focused investments pose risks to retirement funds while straining small businesses. Read the opening statement from the chairman of the U.S. House Ways and Means Committee and watch the Nov. 7 hearing. As reported by D.C. media, GOP lawmakers are particularly concerned about a recent U.S. Department of Labor rule allowing retirement fiduciaries to consider ESG factors when selecting investments and exercising shareholder rights. 11/7/2023