House Republicans Question Big Three Asset Managers’ Climate Change Efforts

Lawmakers express concerns over potential antitrust violations in firms' ESG initiatives

July 15, 2023 < 1 min read

House Republicans Question Big Three Asset Managers’ Climate Change Efforts

Jim Jordan along with Reps sent letters to passive asset management firms requesting information to combat climate change through ESG. BALLOTPEDIA/GETTY IMAGES

House Judiciary Committee Chairman Jim Jordan (R-Ohio), along with Reps. Thomas Massie (R-Ky.) and Dan Bishop (R-N.C.), sent letters to the Big Three passive asset management firms—BlackRock, State Street, and Vanguard—on July 6 requesting information about their efforts to combat climate change through ESG. Jordan said such efforts could violate antitrust laws.

the Big Three passive asset management firms—BlackRock, State Street, and Vanguard have been requested information about their efforts to combat climate change through ESG. ERIK MCGREGOR/GETTY IMAGES

Zenger News 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.

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Edited by Saba Fatima and Maham Javaid