Republicans on the House Financial Services Committee in the U.S. Congress announced on Tuesday the introduction of a series of bills aimed at pushing back on the influence of ESG initiatives in capital and financial markets including proposals to derail efforts to implement ESG and climate-related disclosure requirements on companies, and to reduce the ability of investors to engage with companies on sustainability issues. Proposals in the new bills include only requiring companies to report only on issues that they have determined as material, allowing companies to exclude ESG-related shareholder proposals from proxy materials, and reducing the ability of regulators to collaborate on climate-related financial risk. Read More