Office of Texas A.G.: Major Company Reverses ESG Credit Rating Practice, A Victory for Texas Efforts Against Improper Political Activism By Financial Companies
August 15, 2023
August 15, 2023
AUSTIN, Texas, Aug. 15 -- The Office of the Attorney General of Texas issued the following news release:
In a victory for the State of Texas and consumers nationwide affected by financial companies prioritizing ideological "environmental, social, and corporate governance" ("ESG") considerations over purely financial factors, S&P Global Ratings announced it would no longer publish new ESG credit indicators or update outstanding ESG credit indicators. This foll . . .
In a victory for the State of Texas and consumers nationwide affected by financial companies prioritizing ideological "environmental, social, and corporate governance" ("ESG") considerations over purely financial factors, S&P Global Ratings announced it would no longer publish new ESG credit indicators or update outstanding ESG credit indicators. This foll . . .