U.S. House of Representatives Committee on the Judiciary

30/07/2024 | Press release | Distributed by Public on 31/07/2024 03:23

Jordan and Massie Demand Information From Over 130 Companies Surrounding Their Involvement with Woke ESG Cartel Climate Action 100+

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 130 U.S.-based companies, retirement systems, and government pension programs about their involvement with the woke ESG cartel Climate Action 100+.

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 130 companies, retirement systems, and government pension programs with membership in Climate Action 100+ must answer for their involvement in prioritizing woke investments over their own fiduciary duties.

The Committee sent
lettersto the following entities, organized by state:

California
Aristotle Credit LLC
Aristotle Pacific Capital
Bailard, Inc.
California State Teachers' Retirement System
Crescent Capital Group LP
Dalton Investments
East Bay Municipal Utility District Employees Retirement System
Franklin Templeton Investments
JLens
Legato Capital Management, LLC
Los Angeles Capital Management
Los Angeles County Employees Retirement Association
Payden & Rygel
Redwood Grove Capital, LLC
San Francisco Employees' Retirement System
Sierra Club Foundation
Skoll Foundation
Strategic Global Advisors
The TCW Group, Inc.
University of California Investments Office
Loyola MaryMount University
Vert Asset Management

Connecticut
ARGA Investment Management
Axiom Investors
Connecticut Retirement Plans & Trusts
CoreCommodity Management, LLC
Calvert
SOC Investment Group
Terra Alpha Investments
World Resources Institute

District of Columbia
Sanders Capital, LLC

Hawaii
Employees' Retirement System of the State of Hawaii

Illinois
Nuveen
Builders Vision
Christian Brothers Investment Services
City of Chicago Investors
Core Capital Management LLC
Fairpointe Capital, LLC
Northern Trust Asset Management
Office of the Illinois State Treasurer
Wespath Benefits and Investments
William Blair Investment Management, LLC
Great Lakes Advisors

Kansas
Ecofin

Kentucky
Presbyterian Mission Agency

Massachusetts
Acadian Asset Management Limited
Amherst College
Baldwin Brothers LLC
Boston Common Asset Management
Boston Trust Walden
Breckinridge Capital Advisors
The Christopher Reynolds Foundation, Inc.
Easterly Investment Partners LLC
Essex Investment Management, LLC
Global Delta Capital
Grantham, Mayo, Van Otterloo & Co. LLC
Harvard Management Company
Mellon Investments Corporation
MFS Investment Management
Massachusetts Institute of Technology
SLC, Fixed Income
Stance Capital
The Sustainability Group of Loring, Wolcott & Coolidge
Unitarian Universalist Association
Wellington Management Company LLP
Zevin Asset Management
Green Century Capital Management
Reynders, McVeigh Capital Management

Maryland
Brown Advisory
Hannon Armstrong
Karner Blue Capital
Maryland State Retirement and Pension System

Missouri
Mercy Investment Services

Minnesota
Macalester College
Minnesota State Board of Investment
The McKnight Foundation

North Carolina
Barings LLC

New Hampshire
Veris Wealth Partners

New Jersey
New Jersey Department of the Treasury, Division of Investment
Investor Advocates for Social Justice
Sisters of Saint Dominic of Caldwell

New York
Epoch Investment Partners
ClearBridge Investments
Nathan Cummings Foundation
Neuberger Berman
New Alternatives Fund
New York City Office of the Comptroller
New York State Common Retirement Fund
Rockefeller Asset Management
Nomura Greentech
JCIR
Jennison Associates
Lyrical Asset Management LP
Macquarie Asset Management
Miller/Howard Investments Inc.
New York State Teachers' Retirement System
Resolution Capital
Segal Marco Advisors
Stone Harbor Investment Partners
Sustainable Insight Capital Management
The Pension Boards-United Church of Christ, Inc.
United Church Funds
United Nations Joint Staff Pension Fund
University of Rochester
Water Asset Management
WaveCrest Wealth Management
Goldman Sachs Asset Management

Ohio
Domini Impact Investments LLC
The George Gund Foundation

Oregon
Oregon State Treasurer
Progressive Investment Management

Pennsylvania
CenterSquare Investment Management
Brandywine Global Investment Management, LLC
Friends Fiduciary Corporation
Impax Asset Management LLC
SEI
SEIU Master Trust
The Board of Pensions of the Presbyterian Church (U.S.A.)

Rhode Island
Everhope Capital

Texas
Sage Advisory Services Ltd. Co.

Virginia
The Ithaka Group, LLC

Vermont
Prentiss Smith & Company
Office of the Vermont State Treasurer
Vermont Pension Investment Commission

Washington
Parametric
Seattle City Employees' Retirement System
Washington State Investment Board

Wisconsin
Dana Investment Advisors
Praxis Mutual Funds
Seventh Generation Interfaith CRI
Riverwater Partners

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