Indiana Attorney General Todd Rokita says Environmental, Social, and Governance (ESG) considerations are “activist-driven agendas,” arguing that state law prohibits ESG to influence investments by Indiana government employee pension funds. He says BlackRock, one of the largest investment funds in the world and promotes its “firm-wide commitment to integrate ESG,” has potentially “run afoul” of state and federal antitrust laws by using ESG in its investment decisions.
ESG is an ambiguous scoring system that rates corporations based on considerations that have little to do with the bottom line, including companies’ environmental, social, and governance policies.
Photo credit: (AP Photo/Mark Lennihan)
