Judiciary Committee Expands ESG Inquiry to BlackRock, Vanguard, State Street, Glasgow Financial Alliance for Net Zero, and Net Zero Asset Managers

WASHINGTON, D.C. – Today, House Judiciary Committee Chairman Jim Jordan (R-OH), Administrative State, Regulatory Reform, and Antitrust Subcommittee Chairman Thomas Massie (R-KY), and Congressman Dan Bishop (R-NC) sent letters to leaders of BlackRock, Vanguard, State Street, the Glasgow Financial Alliance for Net Zero (GFANZ), and the Net Zero Asset Managers initiative (NZAM) over their apparently coordinated agreement to "decarbonize" assets under management and reduce emissions to net zero—with potentially harmful effects on Americans' freedom and economic well-being. These letters advance the Committee's inquiry into the sufficiency of existing antitrust laws to address collusive agreements to promote and adopt progressive environmental, social, and governance (ESG) goals.

Read the full letter to BlackRock here.

Read the full letter to Vanguard here. 

Read the full letter to State Street here. 

Read the full letter to GFANZ and NZAM here.