Body
AUSTIN – In a victory for the State of Texas and consumers nationwide affected by financial companies prioritizing ideological “environmental, social, and corporate governance” (“ESG”) considerations over purely financial factors, S&P Global Ratings announced it would no longer publish new ESG credit indicators or update outstanding ESG credit indicators. This follows numerous efforts by Texas’s Office of the Attorney General (“OAG”) to combat the ESG investment doctrine that aims to weaponize the financial sector for ideological goals related to environmental extremism, racial and gender identity politics, and more.