In what is being called "ESG month," the House Financial Services Committee is holding a series of hearings investigating the practices and consequences of environmental, social and governance investing.
One of the largest independent credit agencies in the world will no longer dish out numerical ESG scores in their ratings for corporations, ending a short-lived practice that caused investor confusion and prompted political blowback.
Sen. Joe Manchin III is escalating his attacks on corporations and financial firms that embrace environmental, social and governance investing as the ESG movement also suffers setbacks in corporate boardrooms.
Republicans are praising investment firm Vanguard Group for pulling out of the Net Zero Asset Managers initiative, the world's largest climate alliance in the financial industry, amid pressure from conservative lawmakers.