Republican State Attorneys General Blast Two Companies For Their ESG Practices

Republican State Attorneys General Blast Two Companies For Their ESG Practices


A coalition of Republican state attorneys general accused International Shareholder Services and Glass Lewis of violating state and federal law through their commitments to the environmental, social, and corporate governance movement, also known as ESG.

The two companies, which constitute a “duopoly” in providing proxy voting recommendations to institutional shareholders, are each committed to encouraging the implementation of net zero carbon emissions goals, according to a letter endorsed by 21 attorneys general provided to The Daily Wire. The document noted that proxy advisor recommendations “must be free from false or misleading material information” under federal law and added that many states “have prohibitions on unfair or deceptive trade practices.”

“Your duties include acting with reasonable diligence and without conflicts of interest. These agreements also typically require that

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