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<< ESG Actions

Legal Actions

23 States Provided Comment to the U.S. Department of Labor in Response to the Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” that would allow ERISA to make ESG considerations for investments.
- AG

23 States Provided Comments to OCC Regarding the Proposed Principles “Risk Management: Principles for Climate-Related Financial Risk Management for Large Banks”
- AG
  - Comptroller of Public Accounts

24 States Provided Comments to the MSRB in Response to the “Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market”
- AG
- Comptroller of Public Accounts

23 States Provided Comments Submitted to U.S. Department of Labor Requesting Information on Possible Agency Actions to “Protect Life Savings and Pensions from Threats of Climate Related Financial Risk”
- AG

18 AGs Open Investigation into ESG Ratings Company Morningstar and its Subsidiary Sustainalytics

Letter to Morningstar and Sustainalytics
- AG

19 AGs Sent a Letter to BlackRock Calling Out Their ESG Practices with State Pension Investments

Letter Sent to Larry Fink, CEO of BlackRock
- AG

21 AGs Provided Comment to the SEC Proposed Rule “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices”
- AG

17 Attorneys General Send Letter to Comptroller of the Currency (OCC) Hsu Regarding the Appointment of the Climate Risk Officer and the Misguided Focus on “Climate-Related Financial Risk”
- AG

19 Attorneys General Investigate Six Major Banks over ESG Investing

- - AG

14 Attorneys General and Consumers’ Research file motion with FERC to prevent Vanguard from authorization to purchase energy shares
- Motion Filing FERC from 14 AGs
- Motion Filing to FERC from Consumers’ Research
  - AG

18 States Send Letter to President Biden Opposing Nominee Saule Omarova to U.S. Comptroller of the Currency because of her Radical Views on Controlling the Private Banking Sector
- Comptroller of Public Accounts

16 States Send Letter to U.S Banks Encouraging Unbiased, Nonpolitical Financing of Industries
- Comptroller

Texas Comptroller Hegar Sent 19 Letters to Companies Seeking Information Regarding a Potential Boycotting of Fossil Fuel Industry
- Divestment FAQ Document
  - Comptroller

23 States Signed Letter to President Biden Declaring the Importance of America’s Energy Independence
- Comptroller

18 States Provided Comments to SEC Proposed Rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors”
- Comptroller

16 States Provided Comments submitted to FDIC Proposed Principals on the “Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions”
- Comptroller of Public Accounts

Texas Comptroller Hegar Announced List of Financial Companies that Boycott Energy Companies

- Document of Companies that Boycott Energy Companies
  - Comptroller of Public Accounts

Texas State Senator Subpoenas BlackRock and Schedules TX Senate Committee on State Affairs Hearing for BlackRock, StateStreet and Vanguard
- Subpoena to BlackRock from TX legislature

Texas Legislature Holds Hearing with BlackRock, State Street, and Institutional Shareholder Services Representatives Testifying about their ESG Activism

21 Attorneys General Send Letter to 53 Financial Institutions Threatening to Take Legal Action if these Firms Do Not Keep Their Clients’ Interest Ahead of Politcial Agenda at Forefront of Investing
- AGs

16 AGs demand Biden Admin reverse course on progressive climate policies leading to SVB collapse

25 State AGs slam SEC proposed rule on NACs as unlawful and bad policy

20 State Attorneys General Send Letter to Treasury Secretary Janet Yellen objecting to Biden/Harris Admin Stance on Debanking Practices

19 State Attorneys General file complaint with the Federal Energy Regulatory Commission demanding private asset managers be prevented from purchasing ownership stake in public utility companies

18 State Attorneys General sue the SEC for unconstitutional overreach of cryptocurrency
- First Assistant AG
- Deputy First Assistant AG
- Deputy AG for Legal Strategy
- Chief, Special Litigation Division

17 AGs file motion to stop BlackRock from using utility companies to push ESG agenda

16 Attorneys General Send Letter to BlackRock Demanding Answers for its ESG activism and Violation of Fiduciary Duty

24 State Attorneys General Send Letter to 25 Asset Managers Questioning Their ESG Support

11 State Attorneys General File Lawsuit Against BlackRock, StateStreet, and Vanguard for violating Antitrust Laws

Financial Actions

34 Financial Officers from 27 States Send Letter to President Biden calling him out on new Federal Housing Finance Agency Policy
- Comptroller

22 State Financial Officers demand answers from Yellen on debt ceiling plan

26 state financial officers send letter to the Financial Accounting Standards Board (FASB) urging the organization to not politicize accounting principles to include climate disclosure reporting.

17 State Financial Officers Send letters to Walmart, Costco, Kroger, Albertsons, and McKessons urging them to disregard NYC Comptroller’s Demand to Carry Abortion Pill

Texas Board of Ed to Divest $8.5 billion from BlackRock
- Texas – SB 833
- Passed June 2023, Effective September 2023