Rise to the Moment of Truth Wednesday, May 8, 2024

Tag: ESG

Alabama Bankers Association Alabama News
Alabama Bankers Association to host ‘Business Case for DEI’ webinar this month

The Alabama Bankers Association is hosting a webinar to argue in favor of diversity, equity and inclusion policies in the state’s financial institutions, as the policies have been the focus of heavy criticism from conservatives around the country.

AP22161678876726-Biden Alabama News
Scott Shepard: ESG means Biden administration priorities forced on businesses

ESG is a massive effort to clamp the whole woke agenda on American businesses, and then use those businesses to force this agenda on you by ending supply of reliable goods and services, and denying you credit, insurance, and other necessities unless you conform.

Cheap Talk Alabama News
Ashley Carter: Talk is cheap!

If politicians want to be effective and truly serve their constituents, they need to do what they say they are going to do, rather than just use the office to expand their careers or gain power and influence.

Andrew Sorrell Alabama News
State Auditor Sorrell defends fight against ESG, condemns criticism of anti-ESG bill proponent

State Auditor Andrew Sorrell defended the fight against government contracts with companies that discriminate using woke environmental, social governance (ESG) criteria in a letter to Troy University on Thursday.

Regions Alabama News
Regions Financial driving force behind pushback against anti-ESG legislation, sources say

Just as State Sen. Dan Roberts' (R-Mountain Brook) anti-ESG (environmental, social and governance) bill was gaining momentum in the Alabama Legislature, its hearing before the Senate Fiscal Responsibility and Economic Development Committee, chaired by State Sen. Garlan Gudger (R-Cullman), was delayed until at least next week.

I Stock 535513692 Alabama News
Senate delays legislation restricting ESG after pushback from state's business elites

Influential members of Alabama's business community don't want state lawmakers to prohibit government entities from entering into contracts with companies that use environmental, social and governance (ESG) criteria to discriminate in business practices. 

Steve Marshall, ESG Alabama News
AG Marshall signs letter to BlackRock, other financial institutions over ESG push — Stop allowing savings to be 'commandeered by activists'

Alabama Attorney General Steve Marshall signed a letter late last month with several other attorneys general criticizing large financial institutions like BlackRock Inc. for leveraging their capital to push woke environmental and social objectives.

Chip Brown Alabama News
State Rep. Chip Brown files anti-ESG legislation

State Rep. Chip Brown (R-Mobile) filed legislation last week that would prohibit local and state agencies from considering environmental, social, and governance criteria when awarding some public contracts.

Mike Rogers Alabama News
U.S. Rep. Rogers rips Biden for vetoing anti-ESG investing bill — ‘Get woke politics out of Americans’ savings accounts’

President Joe Biden issued his first-ever veto on Monday to reject a bill that would have reversed a rule instituted by his own administration that allowed money managers to use environmental, social and governance (ESG) factors when making retirement investments on a client’s behalf. 

Steve Marshall on CapJournal, 3/17/2023 Alabama News
AG Marshall: Left using ESG to 'inject issues and create change that they can't get at the ballot box, particularly in a state like Alabama'

Attorney General Steve Marshall has actively opposed so-called environmental, social and governance (ESG) policies, especially as they are being used to force broader policy changes within American society.

Photo from Kay Iveys Twitter Alabama News
Ivey joins DeSantis in fight against Biden over ESG in retirement funds, signs joint statement vowing to 'leverage state pension' against woke investing

Alabama Gov. Kay Ivey joined Florida Gov. Ron DeSantis and 17 other states to oppose President Joe Biden’s efforts to keep environmental, social and governance investing in employee pension plans.

Train by Ankush Minda Alabama News
Norfolk Southern train derails in Calhoun County as company faces investigation from federal agencies, apologizes to Congress

Around 30 train cars derailed early Thursday morning from a Norfolk Southern Railway in Calhoun County, just as the railroad company’s CEO apologized to Congress for the devastating derailment in East Palestine, Ohio, which resulted in over a million pounds of toxic chemicals potentially being spilled.

ESG Alabama News
Britt, Tuberville sign onto anti-ESG Senate resolution

U.S. Sens. Katie Britt (R-Montgomery) and Tommy Tuberville (R-Auburn) signed onto a joint resolution this week to nullify a recent Department of Labor (DOL) rule allowing Environmental, Social and Governance investments in retiree accounts.

Steve Marshall, ESG Alabama News
Alabama AG Steve Marshall joins lawsuit over Dept. of Labor’s ESG rule

Alabama Attorney General Steve Marshall joined 24 other attorneys general last week in a lawsuit over a Department of Labor (DOL) rule allowing Environmental, Social, and Governance (ESG) investments in retiree accounts.

Alabama Attorney General Steve Marshall. Alabama News
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 Alabama News
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).

ESG Alabama News
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 Alabama News
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 Alabama News
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 Alabama News
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 Alabama News
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 Alabama News
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 Alabama News
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 Alabama News
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.

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