Washington, D.C. – House Judiciary Committee Chair Jim Jordan (R-Ohio) is doubling down on his politically motivated attacks on responsible investments. The latest scare tactic is part of an expanded probe into financial firms. To date, Rep. Jordan has subpoenaed Glass Lewis, Institutional Shareholder Services, State Street Corp., and BlackRock, the world’s largest asset manager.
In response, Unlocking America’s Future spokesperson Kyle Herrig issued the following statement:
“This latest move from the House Judiciary Committee will harm our nation’s economy, workers, families, and businesses. Responsible investment policies put more money in consumers’ pockets, boost America’s competitiveness with China, and protect clean air and drinking water for all Americans. People deserve the right to invest freely, without interference from politicians and special interests that are pushing an agenda out of step with the American public.”
- A 2023 poll from Global Strategy Group shows that an overwhelming majority support responsible investing – 72% think it’s important for companies to take actions on responsible investing issues.
- A majority of voters agree that financial managers should be allowed to consider environmental factors when making investing decisions.
- A majority of voters (64%) would be more likely to support an elected official who favors requiring corporations to disclose ESG information, according to a new poll from Public Citizen. In fact, more than half of voters, including 52% of Republicans and 63% of Independents, oppose Congress putting limits on these kinds of disclosures.
Americans see through these political attacks – and do not trust the politicians making them. Over 80% of Americans trust companies more than politicians when deciding whether they agree with a company’s stance on a social or political issue.
These attacks are not only unpopular, but also hurt the constituents House Judiciary Chairman Jim Jordan purportedly represents. The attacks from extreme politicians endanger “the financial stability of Americans’ retirement savings.” Projections have shown that anti-ESG policies could result in the loss of billions of dollars in returns for public pensions across the nation.
