Judiciary Committee Probes 60+ Companies over ESG Ties

WASHINGTON, D.C. – Today, House Judiciary Committee Chairman Jim Jordan (R-OH) and Subcommittee on the Administrative State, Regulatory Reform, and Antitrust Chairman Thomas Massie (R-KY) demanded information from more than 60 U.S.-based asset managers regarding their involvement with the Net Zero Asset Managers (NZAM) initiative, a woke ESG cartel.
 
In June, the Committee released an interim staff report titled, "Climate Control: Exposing the Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing," which details direct evidence of a "climate cartel" consisting of left-wing activists and major financial institutions that collude to impose radical environmental, social, and governance goals on American companies.

The Committee continues to examine whether existing civil and criminal penalties and current antitrust law enforcement efforts are sufficient to deter anticompetitive collusion to promote ESG-related goals in the investment industry. The over 60 asset managers with membership in NZAM must answer for their involvement in prioritizing woke investments over their own fiduciary duties. 

The Committee sent letters to the following entities, organized by state:

California
CIM Group
Capital Group
Nia Impact Capital
Capricorn Investment Group
Redwood Grove Capital
Valo Ventures
AiiM Partners
Franklin Templeton Investments
Vert Asset Management

Connecticut
Gramercy Funds Management LLC
SKY Harbor Capital Management
Developing World Markets

District of Columbia
Calvert Research and Management
The Rock Creek Group, LP
Terra Alpha Investments LLC

Florida
Community Capital Management, LLC

Georgia
Invesco
Angel Oak Capital Advisors

Illinois
LaSalle Investment Management
V-Square Quantitative Management LLC
Northern Trust AM
Great Lakes Advisors
Logistics Property Company, LLC

Massachusetts
Acadian Asset Management Limited
Boston Trust Walden
Boston Common Asset Management
Global Delta Capital
Breckinridge Capital Advisors
Clean Energy Ventures Management, LLC
Trillium Asset Management
Columbia Threadneedle Investments
Wellington Management
State Street Global Advisors
Grantham, Mayo, Van Otterloo & Co. LLC
Arjuna Capital
SLC Fixed Income
Massachusetts Financial Services

Maryland
HASI
T. Rowe Price Group, Inc.
Brown Advisory

New York
BGO
Muzinich & Co. Inc
BlackRock, Inc.
Stonepeak
J.P. Morgan Asset Management
ClearBridge Investments
Stone Harbor Investment Partners
PineBridge Investments
Pzena Investment Management
Ridgewood Infrastructure
Neuberger Berman
DSC Meridian Capital
Rockefeller Asset Management
Lazard Asset Management
MidOcean Partners

Pennsylvania
Federated Hermes Limited

Tennessee
AllianceBernstein

Texas
Sage Advisory
Vista Equity Partners Management, LLC

Washington
Russell Investments

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