WASHINGTONThe Subcommittee on Economic Growth, Energy Policy and Regulatory Affairs and the Subcommittee on Health Care and Financial Services held a joint hearing titled ESG Part II: The Cascading Impacts of ESG Compliance to examine the impact of environmental initiatives , social and governance (ESG) policies on businesses, consumers and retirees. During the hearing, members examined how ESG measures are causing harm to retirees, pensions and the economy, impacting companies’ ability to make decisions in line with their duties to provide financial returns. Key points: Due to Democrats’ ESG push,…
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