Exclusive: Center-right enters the ESG fray

By Nick Sobczyk , author of Axios Pro: Energy Policy – axios.com

Some conservatives want Congress to stop politicizing ESG.

Driving the news: A coalition of center-right and free-market groups sent a letter to Financial Services Committee leaders Thursday arguing that legislators shouldn’t “pass more bans or mandates targeting the investment decisions of individuals, pension funds, or businesses.”

Why it matters: The letter, shared exclusively with Axios, is an attempt to cool off the Hill conversation around ESG investing. Using it as a political bludgeon, they warn, will ultimately hurt taxpayers and public pension funds.

Zoom in: The letter lays out a set of principles that include protecting pension funds from “politicization” and allowing businesses “to voluntarily adopt sustainable practices or address the social considerations of their workforce free from government mandates.”

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