Rise to the moment of truth Saturday, January 28, 2023

Tag: ESG

Alabama Attorney General Steve Marshall.
AG Marshall joins other states in fighting ESG initiatives among advisory firms

Attorney General Steve Marshall has joined with attorneys general from 20 other states to question the ESG practices of a handful of proxy advisory firms.

ESG blocks
Allen Mendenhall: ESG, banks and viewpoint diversity

ESG in financial services will sharpen political divides, taking the culture war to board rooms and then to all companies (because all companies depend on financial services).

Marshall asks SEC for more public comment time after ‘glitch’ on ESG rules

The Securities and Exchange Commission should allow more time for public comments on two Environmental, Social, and Governance proposed rules after previous public comments submitted through an online form weren’t received by the commission due to a “technological error,” according to Alabama Attorney General Steve Marshall and 17 other state attorneys general.

ESG blocks
Emma Gibney: Progressive politics drive the 'S' in ESG

This “S” is the most subjective of an already subjective criteria and ranks companies based on how well they comply with several key progressive and political priorities.

ESG icon concept
Emma Gibney: As states divest from ESG, Alabama is not leading, but will it follow?

Alabama seems quiet compared to other states with Republican controlled state governments who have not only vocally opposed the use of tax-payer dollars invested in a subjective and ideological manner but have taken strides to prevent this from occurring.

I Stock 1384978701
State Treasurer Boozer, Retirement Systems of Alabama deny using ESG criteria for investments

Alabama state treasurer Young Boozer assured that the Alabama State Treasury (AST) does not make investment decisions using ESG criteria.

I Stock 1361757920
Emma Gibney: ESG and the collapse of the free market

Last month, Alabama Attorney General Steve Marshall joined 19 other states in a letter to BlackRock CEO Larry Fink, challenging BlackRock’s use of ESG as investment criteria when managing state pension funds. 

Photo from BlackRock Facebook page
BlackRock responds to AG Steve Marshall, other conservative AGs over ESG criticism

BlackRock responded to the attorney generals of some conservative states on Wednesday, defending its stance on ESG investing.

AL AG Marshall Steve AP Photo by J Scott Applewhite
AG Steve Marshall: ESG 'another mechanism for the left to impose their philosophy'

Alabama Attorney General Steve Marshall said Environmental, Social Governance (ESG) investing is the left’s new way of imposing their worldview on the country.

RSA from RSA Facebook
ESG criteria used for some of Alabama's best-known brand names — 'Important and a factor'

One might not expect to find so-called Environmental, Social Responsibility and Governance (ESG) policy in Alabama, but elements of it are around.