For those wondering how and why environmental, social, and corporate governance (ESG) became a ubiquitous feature of American corporate culture seemingly overnight, you’re not alone. Congress wants to know, too.
The House Financial Services Committee recently held a series of hearings on the issue, as part of what Republicans have been calling “ESG month.” Congressional attention has been driven by ESG’s increasing prominence as a political issue, and concerns range from its impact on ordinary investors to the way in which it shoehorns substantive public policy debates into the private corporate sector.
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