WSJ Again Mistakes An Informercial for an Op-Ed

Another substance-free op-ed in the Wall Street Journal fails to make clear that one of the co-authors runs an explicitly anti-ESG fund. While it acknowledges that Yale Professor Jed Rubenfeld is an advisor to Strive Asset Management, it does not make clear that the fund’s entire brand is being a contrarian on ESG, even to…

Crocodile Tears from NLPC About Correctly Being Called Anti-ESG

Morningstar’s assessment of the anti-ESG shareholder proposals filed by the National Legal and Policy Center has produced a whiny non-rebuttal, by the non-profit described by SourceWatch as “a front group and industry funded right-wing political and policy lobbying organization. NLPC was founded in 1991 by Peter Flaherty and Ken Boehm, who previously worked for ‘Citizens for Reagan.’” SourceWatch notes…

Riskwashing: How the crusade against ESG is hurting businesses, taxpayers and retirees – ImpactAlpha

Call it ‘riskwashing.’  Most stewards of other people’s money want more, not less, information about possible investment risks. Not Republican governors and state treasurers, who have mounted a coordinated campaign from public office to limit or prevent the consideration of ESG, for environmental, social and governance risks, in the management of state and local assets.Take…

Missouri AG Launches Bogus Investigation Into Morningstar’s Use of ESG Factors

Missouri Attorney General Ken Paxton is leading a multistate investigation into Morningstar, Inc. and its wholly owned subsidiary, Sustainalytics, for potential violations of consumer protection and anti-Boycott, Divestment, and Sanctions (BDS) laws. Without any pretense of a factual basis, Paxton made a sweeping allegation: “The ESG movement is the latest tool that woke corporations are…

More Misleading Anti-ESG Propaganda from the Ultra-Right Washington Examiner

The ultra-right wing Washington Examiner, owned by billionaire Phil Anschutz, has a distorted, misleading article about ESG. The lack of nuance is indicated with the illustration. The rhetoric is even more unhinged. For example: ESG and stakeholder capitalism are not forces of good. Rather, they are the camouflage for the forces that have led to…

GOP AG Letter to Blackrock

A letter from 19 Republican state attorneys general to Blackrock accuses the investment firm of a political agenda: Based on the facts currently available to us, BlackRock appears to use the hard-earned money of our states’ citizens to circumvent the best possible return on investment, as well as their vote. BlackRock’s past public commitments indicate that it…

Inside a conservative group’s war against BlackRock’s ESG investments

A conservative group known for targeting “woke capitalism” has launched a multimillion-dollar campaign attacking BlackRock and its CEO Larry Fink for “weaponizing” retirement funds with its push for more ESG investments, which promote environmental, social and governance responsibility. Why it matters: The campaign by Consumers’ Research aligns with the posture of a growing faction of…

Eighteen U.S. states join Missouri probe into Morningstar ESG | Reuters

Attorneys general in 18 U.S. states have joined Missouri’s probe into whether Morningstar Inc (MORN.O) violated consumer-protection law with its evaluations of companies’ performance on environmental, social and governance (ESG) issues, staff for Missouri Attorney General Eric Schmitt said on Wednesday. Schmitt began the probe last month, and spokesman Chris Nuelle said the office invited…