What Do You Think About the ESG Investigation?

In an attempt to dissect and potentially disrupt the growing trend of ESG investing, the House Judiciary Committee has subpoenaed major players such as BlackRock, Vanguard, and State Street. Companies are reportedly slashing American capital’s value by prioritizing ESG goals over profit. This practice has led many states to divest from these companies, resulting in mounting pressure, particularly on BlackRock, which has seen a drop in support for its ESG-themed shareholder proposals.