Companies that rate publicly traded stocks based on environmental, social and governance scores will come under heightened scrutiny – if Republicans take over Congress in the upcoming midterm elections.
Companies that rate publicly traded stocks based on environmental, social and governance scores will come under heightened scrutiny if Republicans are able to take over Congress in the upcoming elections.
Toomey sent his first letters on the topic on Sept. 20, including questions related to compliance burdens on rated entities, data veracity, ratings approaches regarding controversial political issues and conflicts of interest. Toomey sent a follow up letter to the six aforementioned companies earlier this week.
Toomey and other Republicans have been critical of the ESG paradigm of late, arguing that it is being used by liberal activists to push corporate leaders to implement social goals related to the environment, workers rights and racial and gender equality.
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