See coverage in the FT's Sustainable Views and ESG Investor.
Amid the anti-ESG backlash in the US, InfluenceMap's research has, for the last couple years, uncovered evidence of a concerted campaign by fossil fuel, financial, and cross sector groups to apparently obstruct and dilute climate-related financial regulation. This briefing describes how elements of this ongoing campaign have now been incorporated into current policy priorities coming from US House Republicans.
Policy priorities outlined by US House Republicans (who currently have a majority in the US House of Representatives) in their July 2023 “anti-ESG” month include stopping the SEC’s climate disclosure rulemaking, limiting ESG-related shareholder proposals, and obstructing financial regulators’ climate risk management efforts. This briefing describes how industry actors have championed the same priorities for years, including the US Chamber of Commerce, the Bank Policy Institute, the American Petroleum Institute, and the Investment Company Institute. Members of these groups include some of the biggest companies in the world, across sectors, from Amazon and Johnson & Johnson to JPMorgan and Bank of America to BP and Chevron.
